Chris Werme and Mike Boland - ERA Key Realty Services - Westborough



Posted by Chris Werme and Mike Boland on 2/18/2020

Image by Mark Ort from Pixabay

While house-flipping in general is slowing down, and profits are slowly decreasing, there are still a few places left worth flipping. Here, real estate investors can score big returns by buying foreclosed or distressed properties, renovating and then selling them. If you're an investor who's looking to dive in, these five U.S. cities are tops in the nation for home-flipping profits.

Pittsburgh, Scranton, Reading

Pennsylvania is a big player when it comes to the best cities for home flippers. Pittsburgh, Scranton, and Reading all consistently average well above a 100-percent ROI for investors brave enough to take the plunge, with Scranton topping the list at 134, according to AnchorLoans. Pittsburgh is second at 132.5 percent, and Reading comes in at an impressive 129.3. Several factors combine to make these areas ideal for home investors:

  • Pennsylvania hovers near the top of the list for home foreclosures, meaning plenty of properties are available.
  • Home values in these cities are beginning to edge up. Once you've flipped your home, you won't have any trouble selling it. 
  • These towns are riddled with older homes that sell low because they need renovation. Once flipped, the market for reselling them is prime. 

If you're considering entering the house-flipping industry, these three towns in the Keystone State are good places to begin. 

Kingsport, Tennessee

Kingsport, TN boasts high livability scores, thanks to its strong economics, sweeping Smokey Mountain vistas, and tons of green space. The average annual income here is around $37,500, lower than other cities in the U.S. But it's high enough to make the average home highly attainable at just over $135,000. Kingsport is right in the middle of a huge tourism industry that's built around country music, and you can't fault the view. House flippers who come to buy up older homes, renovate and then sell them are earning up to a 104-percent ROI. This makes Kingsport a major attraction for investors looking to flip. 

Augusta, Georgia

Home flippers in Augusta are still clearing an average profit of 101.1 percent -- even as the flipping industry continues to decline. This is due, in part, to the downtown area that's rapidly under development. Augusta University and the Cyber Training and Innovation Center are huge draws for this area, and rental properties are in great demand. This makes downtown Augusta a prime real estate market for anyone hoping to buy high and sell higher. 

If you've always wanted to try your hand at real estate flipping, you're getting in near the end of the game in 2020. Still, if you snap up the right properties in the right areas, there's money to be had. These cities are great jumping-off points.





Posted by Chris Werme and Mike Boland on 2/12/2020


27 Circuit Ave E, Worcester, MA 01603

Single-Family

$245,000
Price

6
Rooms
3
Beds
1
Baths
Open House - Sunday, February 16, 12:00 - 2:00. Beautiful, Victorian Craftsman Colonial with newer roof, and fine hardwoods and crown molding throughout the house. Hardwood floors on all of the 1st and 2nd floors. Architectural detail adorns the entrance hallway of the house with beautiful scrollwork on the fabulous mirrored coat stand. A natural gas heating system drives steam to ornate radiators in each room. The dining room boasts fine boxed-wood paneling, and the Victorian fireplace draws your eye as soon as you enter the living room. The sun drenched kitchen contains a new gas stove, butler's pantry, and dining areas. Situated on a quiet residential street, yet close to shopping and restaurants on Park Avenue. Nearby Columbus Park provides a walking and recreational area including a beach.
Open House
Sunday
February 16 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 27 Circuit Ave E, Worcester, MA 01603    Get Directions






Categories: Open House  


Posted by Chris Werme and Mike Boland on 2/12/2020


27 Circuit Ave E, Worcester, MA 01603

Single-Family

$245,000
Price

6
Rooms
3
Beds
1
Baths
Open House - Sunday, February 16, 12:00 - 2:00. Beautiful, Victorian Craftsman Colonial with newer roof, and fine hardwoods and crown molding throughout the house. Hardwood floors on all of the 1st and 2nd floors. Architectural detail adorns the entrance hallway of the house with beautiful scrollwork on the fabulous mirrored coat stand. A natural gas heating system drives steam to ornate radiators in each room. The dining room boasts fine boxed-wood paneling, and the Victorian fireplace draws your eye as soon as you enter the living room. The sun drenched kitchen contains a new gas stove, butler's pantry, and dining areas. Situated on a quiet residential street, yet close to shopping and restaurants on Park Avenue. Nearby Columbus Park provides a walking and recreational area including a beach.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by Chris Werme and Mike Boland on 2/11/2020

Photo by Thijs van der Weide from Pexels

You may be surprised to learn just how much a little DIY storage bench in your entryway can save you in time and money. Storage benches offer children a place to sit while they remove snowy or muddy shoes. That's less time spent mopping your kitchen or steam-cleaning the carpets. 

Save hardwoods from years of damage and wear.

On top of that, a bench can double as storage. Never again will you be racing around your home trying to find your mittens, scarves, rain boots and other outdoor essentials on your way out the door. It's now all in one convenient place. 

You can even store backpacks and lunch bags on the weekend -- whatever makes sense for your family.

You might think that making an entryway storage bench is complicated. But we'll show you the easy way to build your bench in less than a day.

What you'll need

*Pro tip* Borrow tools that you may never use again before buying. If you find you want to take on more new projects, you can buy one then.

  • 18-gauge nail gun
  • Miter saw
  • Framing square
  • Pneumatic framing gun
  • Hammer drill for concrete/brick or regular drill
  • Circular saw
  • 6 3/4" plywood
  • 8 2x4" boards
  • 3" strap hinges
  • 3" concrete screws or regular screws
  • 6 1x4" boards
  • Wood screws
  • How to build a DIY storage bench for your entryway

    Here's your guide.

    Gather materials & supplies

    The amount of material varies by the bench size you choose the make. Be sure to measure twice and cut once so that everything fits perfectly.

    Frame your bench

    Your frame becomes your guide for the project. Cut your 2X4's the desired length of the bench. Then cut more for the height. Find the studs. And use that hammer drill to attach the 2X4s to the back wall. Build out from there.

    Construct the front and sides

    Now build around your frame, using your plywood. Be careful with any tools you use. Just take your time to get it right. 

    Add the hinges

    Measure and drill for your hinges. Then simply screw them in. 

    Place the lid on the ground and drill holes for hinge screws. Then connect the top to the other side of the hinge with screws. You might need a partner hold the lid steady while you to screw in the lid.

    Add your finish of choice

    You can stop with a basic box. But while you're at it, it won't take much more effort to add some trim and paint it. Then place some hooks above for coats and backpacks.

    And now, you have a beautiful DIY storage bench. For more helpful tips on home maintenance and improvement, follow our blog.




    Categories: Uncategorized  


    Posted by Chris Werme and Mike Boland on 2/4/2020

    There is no set amount of time that you will need to allocate to sell your residence. In certain instances, a seller can generate lots of interest in his or her house and receive an offer to purchase within one day of listing a home. On the other hand, a seller sometimes requires many weeks or months to stir up interest in his or her home.

    Ultimately, you should strive to commit as much time as you can to sell your home. If you do everything possible to promote your residence to potential buyers, you could reap the benefits of a fast, profitable house selling experience.

    There are many things that a seller can do to ensure a seamless home selling experience, and these include:

    1. Improve Your Home Both Inside and Outside

    Remove clutter from inside your home you'll be happy you did. In addition to making it easy to show off the true size and beauty of your home, eliminating clutter could help buyers envision what life may be like if they purchase your house.

    Meanwhile, your home's curb appeal can make a world of difference during the property selling journey. If your house boasts a stunning front lawn and other exceptional home exterior features, your home may be better equipped than ever before to make a positive first impression on prospective buyers.

    2. Establish an Aggressive Initial Home Asking Price

    Take a look at the prices of comparable houses in your city or town. In addition, evaluate the prices of recently sold houses in your area that are similar to your own. This housing market data may help you establish an initial home asking price that falls in line with the current housing market's conditions.

    Furthermore, it may be beneficial to conduct a house appraisal. With an appraisal report in hand, you'll have a property valuation that you can use to establish an aggressive initial asking price for your residence.

    3. Hire a Real Estate Agent

    A real estate agent is an expert guide for selling homes. He or she can help you list your residence, promote it to prospective buyers and much more.

    Of course, let's not forget about the assistance that a real estate agent provides at each stage of the property selling journey, either. A real estate agent will help you create a house selling strategy and put this plan into action. He or she will be ready to respond to any of your home selling concerns or questions too. And if you're unsure about how to proceed at any point during the house selling journey, a real estate agent can provide property selling recommendations and suggestions.

    For those who want to add a house to the real estate market and streamline the home selling journey, it may be a good idea to hire a real estate agent. By collaborating with a real estate agent, you can get the support you need to quickly navigate the home selling journey.




    Categories: Uncategorized