Real Estate

3 Reasons to Move in Today's Changing Market

3 Reasons to Move in Today’s Changing Market The housing market is in transition, giving you three key opportunities heading into the fall. There are more homes for sale. Builders are motivated to sell, so a new construction home may be more attainable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find it a little easier to navigate the housing market this fall.

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What to expect from the real estate market in the fall

Real Estate / DSKM

Last updated on August 13, 2024 Despite continued inventory challenges and interest rates fluctuating between 6 and 7 percent, the summer housing market is moving at a brisk pace, and we expect this momentum to continue as students return to school this fall. Thinking about launching into the market soon? Here’s what you can expect: Housing inventory Housing inventory received a welcome boost this summer, with listings for sale up 11.8% compared to the same period last year. Despite this increase in inventory, it is still not enough to tip the pendulum in favor of a more balanced market, as our monthly inventory (MSI) is still well below where it should be. We should see an increase in inventory when interest rates cool, as many low-rate sellers who have been on the sidelines will finally be motivated to list their homes for sale. Interest rates Interest rates have been fluctuating between 6 and 7 percentage points this year, but a recent jobs report sent rates down to 6.59%. Mortgage rates are now expected to continue to decline throughout the remainder of 2024 and 2025, reaching 6% near the end of 2025. We believe that with rates declining, both buyers and sellers will be more willing to enter the market. Housing prices Supply and demand issues continue to push prices up. In Charlotte, the median sales price in June was $523,813, up 8% from the same month last year. While we expect to see some relief in inventory next year, it won’t be enough to balance the market, so home prices will continue to appreciate. What this means for buyers: As home prices continue to rise at above-average rates, now is the best time to buy. Buyers can always refinance when interest rates drop. What this means for sellers: Homes in excellent condition and priced appropriately for the market still sell quickly, and many for above asking price. Sellers need to price their home correctly from the start and make sure it is in the best condition possible. Visited 978 times, 2 visits today

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Tired of being outbid? Here's how to outsmart the competition when buying a home

Real Estate / DSKM

Last updated on August 8, 2024 Fortunately for buyers, there are more homes on the market now than there were a year ago. Compared to last summer, inventory is up 37.1%, but despite the increase in inventory, some buyers are still finding it difficult to find a home. While inventory is growing, it is still not where it needs to be to have a balanced market. In addition to inventory issues, one of the biggest problems in the housing market is the fact that first-time homebuyers and seniors looking to downsize are often competing for the same homes. The latest data from the National Association of Realtors shows us that first-time homebuyers are the largest buyer segment in the market today, making up 32% of the homebuyer population. If you’ve been looking at homes for a while and are tired of being outbid, here are 5 tactics you can employ to get your next offer accepted. Keep a wish list While you’re unlikely to find a home that ticks all of your boxes, keeping a wish list and notes about each home you visit will help you objectively know when you’ve found the right one. As you continue your search, keep track of each home’s listing and sales price, which will help you spot any trends. Familiarize yourself with the Recent Comps Understanding comps, or comparable sales, is an important part of the puzzle when it comes to offering the right amount. Even before you’re ready to make an offer, when you’re still early in your home search, it’s a good idea to look at past comps within the last 6 – 9 months for neighborhoods you’re interested in. You can do your homework and look at homes that have sold recently, studying various factors that influence the sales price, such as square footage, how up to date the home is, recent upgrades or additions, location, curb appeal, and more. Having a solid idea of how much to offer to win the bid starts with having a solid understanding of the comparisons in an area. Think beyond the price It’s time to get creative and think beyond price when making an offer in today’s real estate market. A good real estate agent will help you determine what’s important to the seller so you can carefully craft a more competitive offer. You may need to be more flexible to make this work in your favor. For example, you can win the deal by offering a competitive price and adding amenities for the seller. An example would be accommodating the seller’s future plans by offering an ideal closing date. Beyond the closing date, lean on your real estate agent for the best due diligence and escrow strategy in your current local market when crafting your offer. Start with your best offer first In the old days of home buying, many buyers expected a negotiation process, and while there will still be some negotiation, it’s not exactly like it was in the past. You should submit your best and highest offer first. In the current market, well-priced homes sell quickly and receive multiple offers, with low offers unlikely to be considered. Find a real estate agent with connections, experience and serious negotiation skills. Don’t let this real estate market discourage you when looking for an experienced real estate agent with strong community connections and serious negotiation skills. A tip: Don’t give up on inspections In an attempt to get their offer accepted, a growing trend among buyers has been to forgo home inspections. We recommend that you do not forgo home inspections, as they are not worth the risk in the long run. Remember that a home inspection protects you (the buyer) as a qualified inspector reviews key areas that are crucial to a safe and efficient home. Visited 670 times, 21 visit(s) today

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Best loan options for investment properties

Real Estate / DSKM

Investing in real estate can be a rewarding venture. However, the success of your investment often depends on obtaining the best loan for your specific needs. In this article, we will discuss the complexities of finding the best loan for your specific needs, and the best investment property loans, by shedding light on key considerations and strategies to maximize your investment potential. Selecting the right loan is critical to the success of your investment. The nuances of the real estate market demand a personalized financial approach, so it is critical to explore the available options and identify those that perfectly align with your investment goals. Before we dive into the details, it’s essential to understand the investment property lending landscape. How do they differ from traditional mortgages? What role do local market factors play in shaping lending options? Answering these questions will give you a solid foundation for making informed decisions. Investment Property Loan Basics Investment property loans are the financial backbone of real estate investing. Unlike traditional home mortgages, these loans are designed for properties purchased with the intent of generating rental income or appreciation. Key features include: Higher interest rates. Investment property loans often have slightly higher interest rates compared to primary residence loans. Higher down payments. Lenders typically require a more substantial down payment for investment properties, typically ranging from 15% to 25% of the property’s purchase price. Consideration of rental income. Lenders may take potential rental income into account when evaluating your eligibility and loan terms. Understanding these fundamentals sets the stage for addressing the complexities of investment property financing. Key differences with traditional mortgages Distinguishing investment property financing from traditional mortgages is critical to making strategic decisions. Key differences include: Intended use. Traditional mortgages are designed for owner-occupied residences, while investment property loans are geared toward properties used for investment purposes. Risk assessment. Lenders assess risk differently for investment properties, considering factors such as potential rental income, property management and market conditions. Loan conditions. Investment property loans typically have shorter loan terms and may come with higher monthly payments. By understanding these distinctions, you can align your financial strategy with the unique requirements of investment property financing. Importance of local market factors The local real estate market plays a key role in determining your financing options. Consider the following factors: Market trends. Understanding current and future market trends will help you anticipate property appreciation or potential rental income. Economic factors. Economic stability and growth in the local area can influence property values and rental demand. Regulatory environment. Local regulations may affect your financing options, so it is essential to be well informed about legal issues. By conducting thorough research of your local market, you position yourself to select financing that aligns with the specific conditions of your investment property. Criteria for selecting the best loan When choosing the best loan for your investment property, there are several critical criteria that can significantly impact the success and profitability of your venture. Understanding these factors will allow you to make informed decisions that fit your financial goals and risk tolerance. Interest Rates Your loan’s interest rate is a critical factor. Consider the type of interest rate (fixed or adjustable) and compare rates among lenders. A lower interest rate can save you money over the life of the loan. Down payment requirements. Examine the down payment requirements set by various lenders. A higher down payment can lower your monthly payments, but it may affect your initial investment capital. Evaluate lenders that offer reasonable down payment terms for investment properties. Credit Score Considerations Your credit score plays a major role in loan approval and the interest rate you receive. Understand potential lenders credit score requirements and take steps to improve your score before applying for a loan. Loan term options Evaluate the loan term options available. Shorter terms may mean higher monthly payments but may allow you to save on overall interest costs. Longer terms may give you more flexibility in your monthly budget, but they result in higher total interest payments. Loan-to-value (LTV) ratio. The loan-to-value ratio compares the loan amount to the appraised value of the property. A lower loan-to-value ratio can result in better loan terms and greater lender confidence in your investment. Types of investment loans There are five main types of investment loans. Understanding their nuances will help you choose the best one for you. Traditional mortgage loans Traditional mortgage loans are a tried and trusted option for financing investment properties. These loans typically have fixed interest rates, providing long-term stability. Investors can benefit from predictable monthly payments, making budgeting and financial planning easier. Understanding the nuances of traditional mortgages is crucial for those seeking a conventional and secure financing route for real estate investments. FHA loans for investment properties Federal Housing Administration (FHA) loans are designed to make home buying more affordable and can also be used for investment properties. Exploring FHA loans opens up possibilities for investors, especially those who can’t meet the strict requirements of traditional loans. VA Loans for Investment Properties Veterans have a unique financing option through VA loans. Understanding the specific benefits and requirements of VA loans is critical for veterans looking to take advantage of their eligibility and undertake successful real estate investments. Private lender options Investors looking for flexibility and alternatives to traditional financing, private lenders offer an attractive solution. Private lender options can provide customized financing solutions for your real estate investments. If you choose this route, be sure to understand the terms, advantages, and potential drawbacks associated with borrowing from private sources. Commercial loans for investment properties. Investing in large-scale projects requires specialized financing, and commercial loans are designed to meet these specific needs. Again, make sure you understand the intricacies of commercial loans for investment properties, including a comprehensive knowledge of the terms, conditions, and considerations associated with this type of financing. Commercial loans can open up opportunities in the dynamic real estate market. Financing for real estate investment Property flipping, the art of buying distressed properties,

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Ideas to generate passive income with little or no money (2024)

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In 2024, the pursuit of financial independence remains an important goal for many people. With the expansion of the informal economy and the digital market, passive income streams have emerged as an attractive avenue to increase income without the constraints of traditional employment. Below are twenty passive income ideas that require minimal initial investment and have the potential to pave the way to financial freedom. Ideas to generate passive income with little or no money (2024) 1. Drop shipping Drop shipping It involves launching a store with minimal upfront costs. By collaborating with suppliers, you can sell products directly to consumers without the need for inventory, allowing for a flexible and scalable business model. Consider the following: Choose a niche You are passionate about creating a unique selection of products. Investigation Trusted dropshipping suppliers known for quality and fulfillment. Build An easy-to-use online store with clear product descriptions and high-quality images. Use Social media marketing and targeted advertising to reach your audience. 2. Blogging Blogging It involves creating and monetizing a blog focused on a niche of interest. By consistently creating content and generating traffic, you can earn income through advertising, affiliate marketing, and sponsored posts. Consider the following: Conduct Keyword research to identify topics relevant to your audience. Post High-quality informative content that provides value. Build an email list to foster a community and promote new content. Grid with other bloggers for collaboration opportunities. 3. Online courses Online Courses Provide an opportunity to share knowledge and generate income. Platforms like Udemy or Teachable make it easy to reach a wide audience. Consider the following: Identify a problem or skill suitable for online lessons. Structure Course content in a logical manner, using a variety of media. Promote Courses through social networks and email marketing. Provide Excellent customer service for student satisfaction. 4. Print on demand Print on demand It allows you to launch a store where customers can purchase custom-designed items. Platforms like Redbubble or Society6 take care of production and shipping. Consider the following: Experiment with different styles and design trends. Use design software or tools provided by the platform. Couple with influencers to promote designs. Run Social media contests to promote the brand. 5. Invest in stocks Even with minimal funds, Investing in dividend-paying stocks or ETF. Platforms like Robinhood or Acorns make it easy for beginners to navigate the stock market. Consider the following: Investigation Different investment options and associated risks. Consider financial objectives and risk tolerance for portfolio construction. Rebalance Portfolio periodically to obtain optimal returns. Adopt A long-term investment approach. 6. Influence of social networks If you have a considerable number of followers, use it to become a… Social media influencer. Brands pay for sponsored content, product reviews, and recommendations. Consider the following: Build an authentic and engaged audience. Couple with brands aligned with your values. Keep Transparency in sponsored content. Encourage Long-term brand relationships. 7. Real estate crowdfunding Engage in real estate crowdfunding platforms such as Fundrise or RealtyMogul. Investments in Real estate projects can generate passive rental income Consider the following: Investigation Various crowdfunding platforms. Assess Project details, including location and potential performance. Diversify investments to mitigate risk. Understand The long-term nature of real estate investments. 8. Peer-to-peer lending Use platforms like Lending Club or Prosper to peer to peer lending and earn interest passively. Consider the following: Investigation Loan options and borrower creditworthiness. Place Clear investment criteria based on risk tolerance. Diversify Loan portfolio to minimize risk. Be careful from the risk of default. 9. Create an app If you have an original idea for an app, develop it and earn revenue through in-app purchases, ads, or subscriptions. Consider the following: Conduct Comprehensive market research. Design An easy-to-use application interface. Promote application through various channels. Consider premium model for monetization. 10. Affiliate Marketing Promote products or services and earn commissions for each sale. Websites like Amazon Associates offer various products in exchange for your promotion. Consider the following: Choose products aligned with the interests of the audience. Reveal affiliate links transparently. Clue marketing performance. Build Trust with the audience through valuable content. 11. Domain change Buy domain names with commercial potential and sell them at a higher price. Consider the following: Wear Domain name search tools for valuation. Investigation Trending keywords and branded domains. Exercise Patience and persistence. 12. YouTube Channel Start a YouTube channel focused on a specific topic Identify and monetize content through ads, sponsorships, and products. Consider the following: Invest in quality audio and video equipment. Edit Videos to generate engagement. Interact with viewers to build a community. Collaborate with other YouTubers. 13. Publishing e-books Write and publish eBooks on platforms like Amazon Kindle. Consider the following: Choose A topic with a potential audience. Design A Professional cover and format. Use Keyword research for optimization. Promote E-book through various channels. 14. Stock photography Sell photos on stock photography websites. Consider the following: Choose A niche for photography. Use Keyword research for demand identification. Edit Professionally photographed. Deliver photos to multiple platforms. 15. Buying and selling websites Develop and sell websites for profit. Consider the following: Identify Profitable niches. Build User-friendly websites with quality content. Focus on SEO for traffic growth. Market websites through online platforms. 16. Digital products Create and sell digital products such as templates or graphic designs. Consider the following: Identify Problems that digital products can solve. Design Easy-to-use, high-quality products. Price products competitively. Promote products through various channels. 17. Audio Track Licensing Producing and licensing audio tracks for podcasts, videos, etc. Consider the following: Create High quality audio tracks in various genres. Couple with music licensing platforms. Grid with content creators. Offer Different licensing options. 18. High Yield Savings Account Put funds into a high-yield savings account to earn modest gains with minimal risk. Consider the following: Investigate Different account options. Compare interest rates and fees. Consider Withdrawal Limitations Understand savings accounts as part of a broader strategy. 19. Vending machines Invest in vending machines for a steady source of income. Consider the following: Choose High traffic locations.

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What every homeowner should know about their assets

Real Estate / DSKM

Understanding how much equity you have is the first step in figuring out what you can afford when you move. And since housing prices has increased so much in recent years that most people have a lot more equity than they themselves imagine. Here’s a deeper dive into what you need to know if you’re ready to leverage your investment and put your equity toward your next home. Home Equity: What Is It and How Much Do You Have? Home equity is the difference between the actual value of your home and the amount you still owe on your mortgage. For example, if your home is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000. Recent data from the Census and ATOM shows that Americans have significant wealth right now. In fact, more than two out of three homeowners have fully paid off their mortgages (is shown in green in the following graph) or have at least 50% equity in their homes (is shown in blue in the following graph): Nowadays, more homeowners are receiving a higher return on their homeownership investments when they sell, and if you have that much equity, it can be a powerful force in driving your next move. What you should do next If you are thinking about selling your home, it is important to know how much equity you have, as well as what that means for the sale of your home and your potential profits. The best way to get a clear picture is to work with your agent, while also speaking with a tax professional or financial advisor. A team of experts can help you understand your specific situation and guide you forward. Home prices have gone up, which means your equity probably has too, so you can know how much you have in your home and move forward with confidence when selling. Don’t forget to check out our latest news.

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If you don't do any renovations to your home, should you offer discounts when selling it?

Real Estate / DSKM

Last updated on August 1, 2024 A move-in ready home is highly desirable and tops most buyers' wish lists. However, if your home needs a lot of TLC, you may be wondering what your options are when it comes time to sell. Should you offer discounts on your home or invest time, energy, and/or money into updating certain spaces before listing it for sale? In today's post, we'll examine your options, taking into account the conditions of the real estate market right now. The homes on the market today fall into one of two groups Right now, there are two groups in terms of homes that are on the market. In the first group, we have houses with fair prices and in good or excellent condition. These houses sell in an average of 10 days. In the second group, there are homes that are not priced fairly and are not in good condition, and these homes sit on the market for 60 to 70 days and often sell after one or two price reductions. Are sellers offering concessions for homes that aren't move-in ready? In reality, we don't see many concessions for cosmetic improvements. Our real estate agents advise clients to price homes correctly from the start, meaning that the price reflects the state of the work needed. We are seeing more concessions being made on closing costs than recently, but that is generally to cover necessary repairs to a home. Does it make sense to improve my home before putting it up for sale? Our agents get this question very often and unfortunately there is no clear answer. Generally, the houses that are in the best condition are the ones that sell for much more than the asking price. However, the types of updates or repairs are different for every home, and the best thing you can do is contact your real estate agent many months before you plan to list your home to start a conversation about how to maximize the value of your home. Our agents offer a Physical startwhere you will be given a rough estimate of the value of your home in relation to the current market, as well as recommendations for repairs or improvements that will give you a return when you sell it. For example, many homeowners are surprised to discover that a large-scale kitchen or bathroom remodel doesn't make sense in terms of recouping their money years from now when they sell. Minor improvements to the kitchen or bathroom often pay off better than investing a lot of money in those areas. Exterior improvements are also always a good idea and often pay for themselves when the house is sold. It's never a bad idea to replace an old entry or garage door. Of course, there are always exceptions to the rule in terms of what you should or shouldn't upgrade, and these vary by area and even by neighborhood, so you should always contact a real estate agent who specializes in your general area first. Keepp reading: 14 items you shouldn't renovate before selling Visited 742 times, 35 visits today

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Three reasons why we are not heading for a real estate crash

Real Estate / DSKM

Three reasons why we are not heading for a real estate crash In 2008, there was an oversupply of homes for sale. Today, there is an undersupply. All three major sources of inventory show that it is not like last time. Existing homes, new homes, and foreclosures are all well below the levels we saw during the housing crisis. The inventory data shows that there are simply not enough homes available for a repeat of what happened in 2008.

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Bidding performance at distressed property auctions in Q2 2024 points Bidding performance at distressed property auctions in Q2 2024 points to continued slowdown in retail real estate market

Bidding performance at distressed property auctions in Q2 2024 points to continued slowdown in retail real estate market

Real Estate / DSKM

Strong demand for distressed properties at auction in early Q2 2024 is undermined by early signs of falling demand in June, even with contracting auction supply The price bidders are willing to pay at auctions falls after hitting a 25-month high in April Some of the largest declines in price-to-value ratios in markets with substantial increases in retail housing inventory The bid-ask spread at auctions widens in May and June as sellers hold prices steady even as bidders adjust them downwards Auction.com, the nation’s leading distressed real estate marketplace, today released its Second Quarter 2024 Auction Market Report, showing that demand for distressed properties sold at auction showed early signs of falling in June, even as the supply of properties available for auction continued to contract. The report is based on exclusive property inventory, bid and price data from Auction.com, the nation’s largest distressed property marketplace, accounting for nearly half of all properties sold at foreclosure auctions nationwide. “The drop in demand at the end of the second quarter could be an early sign that local developers who buy at auction are becoming increasingly wary of rising retail inventory, which represents competition for renovated homes they sell or rent and return to the retail market, typically within six months of the auction purchase,” said Daren Blomquist, vice president of market economics at Auction.com and author of the report. “If the drop in demand continues into the third quarter, it would also portend a slowdown in retail home price appreciation.” Because buyers at distressed market auctions anticipate retail market conditions three to six months into the future, bidding behavior at such auctions provides a reliable, forward-looking indicator of trends in retail home price appreciation. “I feel like the retail market has softened,” according to Tony Tritt, a local community developer operating in northwest Georgia who renovates and resells properties he buys at foreclosure auctions, primarily to occupancy buyers. “I am waiting longer to sell my renovated properties because they don’t sell like they used to.” Demand falls from multi-year highs at end of second quarter Thanks to strong results in April and May, most auction demand metrics show strengthening demand for the second quarter overall compared to the previous quarter, but monthly data reveals a clear decline in June for many demand metrics, including bidders per property, sales rates and winning bid-to-value ratios. The average number of bidders per property sold at bank-owned REO auctions in the second quarter was 2 percent lower than the previous quarter, but still up 3 percent from a year earlier. But in June, that bidder-per-property metric fell 17 percent from May and was down 3 percent year-over-year. The foreclosure auction sales rate (the proportion of properties available for auction that were sold) increased in the second quarter, both quarterly (up 5 percent) and annually (up 4 percent), but declined 4 percent in June from a 25-month high in May. The June sales rate was still up 3 percent from a year earlier. A similar pattern of declining demand in June from a nearly two-year high at the beginning of the quarter is reflected in price-related demand metrics for both foreclosure auctions and REO auctions. Winning bidders at foreclosure auctions in June were willing to pay 58.7 percent of a property’s assessed value after repair on average, down from a 25-month high of 60.7 percent in April. Winning bidders at REO auctions in June were willing to pay 58.6 percent of a property’s assessed value after repair on average, down from a 25-month high of 61.7 percent in April. Declines in auction buyer asking prices in June still occurred against the backdrop of an overall second-quarter asking price increase. The average winning bid-to-value ratio at REO auctions for the full quarter increased 4 percent from the prior quarter and 1 percent from a year ago, while the average winning bid-to-value ratio at foreclosure auctions for the full quarter increased 1 percent from the prior quarter and also 1 percent from a year ago. Demand for market prices Several major markets where retail inventory builds are reaching dubious milestones saw a more prominent decline in the price demanded by distressed property auction buyers in June. The winning bid-to-value ratio at foreclosure auctions declined by double-digit percentages from both the previous month and the previous year in Miami, New Orleans, Tampa Bay, Orlando and Denver. Retail inventory in May 2024 had risen above May 2019 levels in four out of five of those metro areas, with Miami being the only exception, according to data compiled by ResiClub. Miami, meanwhile, had the highest share of “stale” listings (the proportion of unsold listings that remain on the market for at least 30 days) of any major market in the country in May, according to data compiled by ResiClub. Red fin. Supply contraction continues The first signs of a decline in demand at distressed property auctions in June came despite a continued contraction in the supply of properties available to purchase at auction in the second quarter. The number of properties taken to foreclosure auction in the second quarter was less than half (46 percent) of the pre-pandemic level in the first quarter of 2020. That was down from 49 percent in the previous quarter and 57 percent in the second quarter of 2023. REO auction supply was even more restrained relative to the pre-pandemic level in the second quarter. The number of REO properties brought to auction during the quarter stood at 36 percent of the level of the first quarter of 2020, down from 38 percent in the previous quarter and 40 percent in the second quarter of 2023. Offer by state Supply continued to vary widely by state. The states with the highest supply of foreclosure auction properties relative to pre-pandemic levels in the second quarter of 2024 were Connecticut (319 percent of the first quarter 2020 level), Alaska (139 percent), Kentucky (122 percent), Louisiana (120 percent), South Dakota (113 percent), and Colorado (103 percent). The states

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How to Create a Pet-Friendly Outdoor Living Space

Real Estate / DSKM

Last updated on July 30, 2024 Any pet owner knows that their furry friends are like family. Your pets want to enjoy the outdoors just as much as you do. Creating a pet-friendly outdoor space ensures a safe environment for your pets to roam and play. And, as an added benefit, improved outdoor spaces can increase the market value of your home when it comes time to sell. So, whether you’re looking to update, renovate or just improve, here’s how to make your outdoor space pet-friendly: Build a fence Build a fence to protect your precious pet and prevent it from wandering away from your home. It will give you peace of mind as your pets run and play freely! Arrange a pet-friendly layout To prevent your furry friend from jumping on furniture and knocking things over, create clear paths for them to move around your outdoor area. Choose durable furniture and materials Your pet may love to lounge on your furniture. Choose furniture that will stand up to wear and tear, such as weather-resistant wicker or solid wood. Add cushions designed for pet comfort—perfect for lounging and napping! Create a designated bathroom area Avoid accidents! Designate a place for them to do their business with gravel, a small patch of grass or easy-to-clean synthetic turf. Keep it in an area away from the path you walk on! Plant green plants that are safe for pets Choose plants that are attractive to look at and safe to consume, in case your pet decides to nibble on them. Pet-safe plants such as baby tears, Boston ferns, and catnip are best. Be wary of plants that attract birds and other wildlife – they can either entertain your pet or drive it crazy. Designate play areas Include spaces for physical activity and mental stimulation. Cats may enjoy a fenced-in “cat room” with places to climb, posts to stretch on, and places to hide. Dogs, on the other hand, may love sandboxes to dig in and puzzle toys to play with. Add a pool or hydration station For water-loving pets, set up a kiddie pool where they can cool off and splash around. Also, set up a place where your pet has easy access to drinking water, whether it’s a water bowl or a pet-friendly fountain. Staying hydrated is critical to their health and well-being! Ensure access to shaded areas Make sure your space has shaded, easily accessible areas to protect your pets from the summer heat. Use umbrellas or create natural shelters with trees and bushes. Making your backyard pet-friendly will definitely bring more joy to your pet’s life. A thoughtfully designed outdoor space will also impress potential buyers when you’re ready to sell, especially those who have furry friends of their own! Visited 263 times, 258 visit(s) today

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3 Reasons to Move in Today's Changing Market

What to expect from the real estate market in the fall

Tired of being outbid? Here's how to outsmart the competition when buying a home

Best loan options for investment properties

Ideas to generate passive income with little or no money (2024)

What every homeowner should know about their assets

If you don't do any renovations to your home, should you offer discounts when selling it?

Three reasons why we are not heading for a real estate crash

Bidding performance at distressed property auctions in Q2 2024 points to continued slowdown in retail real estate market

How to Create a Pet-Friendly Outdoor Living Space

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