Jill Finkelstein - Compass



Posted by Jill Finkelstein on 6/7/2020

Image by StockSnap from Pixabay

Most everyone would love to gain some extra room, especially those in small homes with limited space options. Here are three home interior DIY projects to help you maximize your space.

1. Transform a Closet into Workspace

If you’re lacking the room for a home office, transform one of your closets into a mini-office. This is a relatively easy and inexpensive way to give yourself a dedicated workspace.

  • Remove the door and hinges.
  • Empty the closet and give it a good wipe down.
  • Disassemble hanging rods.
  • Touch up or repaint the closet’s interior.
  • Add two to three shelves—a deep one to serve as your desktop and additional ones for storage.

If you prefer a traditional desk and your closet is wide enough, slide one in and eliminate the need for a deep shelf.

2. Mount Your TV

Modern styles are all about minimalism and entertainment centers don’t exactly fit this look. Besides, media consoles take up a ton of floor space. An easy way to reclaim this useful space is to mount your TV to the wall or above a fireplace.

  • Choose a mount for your TV—this will be a tilting mount, low-profile mount or full-motion mount.
  • Select a location and determine the best viewing height—be sure you have sufficient outlets and access to cable connections you need.
  • Cut out a piece of TV-sized cardboard or poster board and tape it to the wall to get a “visual” of your TV’s position.
  • Locate a stud and mark it. (If mounting to a fireplace use masonry anchors.)
  • Before you drill, use a level to ensure the wall mount is even.
  • Drill holes, attach your mount and secure it so it doesn’t collapse.
  • Add a cord cover to hide unsightly wiring.

Media consoles were useful before flat-screen TVs became the norm, but most people today can easily get by with a wall-mount and a shelf to hold cable boxes, media players or game consoles. If you need additional storage, add a small table with cabinet space.

3. Build Window Seats

Adding window seats to any room eliminates the need for extra seating on the floor, gives a cozy look and offers additional storage space.

  • Buy two wall cabinets about 30 inches wide by 15 inches high. You can purchase new or, to scale back costs, check secondhand stores, such as Habitat for Humanity’s Restore, for used cabinetry.
  • Use plywood (2x4 or 2x6) to serve as a perimeter base, nailing these pieces of wood into the floor to create a toekick. Be sure your outline’s depth is large enough to hold your cabinets, and leave a little extra room to pull your cabinets away a few inches from the wall beneath the window to save space for your seat.
  • Place cabinets on top of the toekick and clamp the two cabinets together. Be sure your screws are strong enough to hold the units together.
  • Clamp and screw cabinets to the toekick.
  • Place hardwood plywood on top of the cabinets to widen your seating area. (Sand and paint, if necessary.)
  • Add cushions and pillows.

Tip: Be sure to avoid positioning your seat over an HVAC vent or baseboard because you don’t block out your heat or A/C.

If you’re working with some tight spaces, you can better utilize it by transforming your existing space.




Categories: Uncategorized  


Posted by Jill Finkelstein on 6/2/2020

This Condo in Watertown, MA recently sold for $650,000. This 2/3 Family style home was sold by Jill Finkelstein - Compass.


22 Conant Rd, Watertown, MA 02472

Condo

$649,000
Price
$650,000
Sale Price

8
Rooms
3
Beds
1
Baths
Spacious and sun-splashed 3+ bed bi-level condo perfectly located on a quiet private CUL-DE-SAC! This location can't be beat...steps to the Charles River Path, Watertown Sq, and mins to Boston via Storrow or the Pike. Plenty of space to entertain w the open concept layout, private deck, private brick patio, and private yard. The home has undergone extensive renovations that include a new high-efficiency NAVIEN gas boiler, upgraded thermal & noise insulation, & NEST thermostats. The renovated kitchen offers a custom glass door pantry w/ LG microwave, French door GE fridge, & GE gas oven. Kitchen opens to the cozy family room w gas fireplace, ship-lap walls, and vaulted ceilings. Finished LL is perfect for a home office, playroom, or extended guests! 1 deeded garage and 1 deeded outdoor parking. New LEED certified elementary and high schools on the way, Arsenal Yards, and hot Biotech community, proving Watertown to be one of Boston's best suburbs!

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Tags: Real Estate   Condo   Watertown   02472  
Categories: Sold Homes  


Posted by Jill Finkelstein on 5/31/2020

Photo by TruthSeeker08 via Pixabay

Want to flip a property? You need a team of rock stars on your side. This isn't a one-man show; in general, real estate investors only prosper when they've made connections with real estate agents, lenders, contractors, and other investors at the top of their game, and it's even more crucial when you're flipping one or more properties. Wondering how to make that happen? It's simpler than you might think. 

1. Treat every professional relationship as a mutually-beneficial connection. 

Think beyond the golden rule and keep in mind that everyone who works for or with you is in this business to make money as well. Working with them to benefit you both is the only way to grow your network. It shouldn't need to be said, but here it is: Be kind. Be considerate. Realize that this relationship, whether it's an interaction with a real estate agent, a home inspection, or a contractor, could have huge long-term implications on your future as an investor. True rock stars aren't going to bend over backwards to work with you if they sense you're just out to get what you can out of them. 

2. Professionals who are great at their jobs aren't going to come flocking to you. 

In order to attract industry professionals who are great at their jobs, you need to be great at yours. Do your research, know what you're looking for, and don't be afraid to ask 'stupid' questions; your image will suffer much more for pretending more experience and knowledge than you have. Ask questions; look for recommendations everywhere you go, and as names rise to the top, hire the best to work with you on projects whenever possible. They're likely to be professional, not chummy, and that's a good thing. 

3. Give a little extra when possible.  

An excellent real estate agent can help you scout out the best possible properties to flip--and the best deals. Acknowledge that. If they find you an insanely great deal on a rehab property, consider shooting them a little extra beyond their commission for that property; although that $70,000 duplex might be worth $350,000 by the time you're done with it, your agent's commission will remain rather paltry for the work and digging they put in. By the same token, talk to your contractors their preferences for a project, and cater to their preferences if it's something you don't care that much about. Finding small ways to work in the preferences of others will give you a big step up in their estimation, which can make all the difference in future flips. 

 





Posted by Jill Finkelstein on 5/24/2020

Photo by Jonny Lindner via Pixabay

Making a flip profitable starts with one straightforward requirement: find a great deal. These tips are straightforward but crucial if you want to nail your first flip or your tenth. 

1. Spread the Word that You're In The Market 

By this point you should have a rock star team nailed down--a few professionals you can trust to help you make your flip a success. But you also want to get the word out to family, friends, and any connections that keep an eye on the market for any reason. They'll be able to keep their eyes open for newly-listed properties that might be right up your alley. Some of the best deals are landed this way, well before homes even hit the MLS. 

2. Learn to Identify Big Issues 

As you gain experience, you'll develop an eye for projects that are going to be too extensive to take on--and how much the bigger projects will cost you. If at all possible, walk through the potential property with your contractor by your side; they'll be able to keep an eye out for major issues and give you an idea of what you're looking for.

A good rule of thumb? Always look at the roofline first: does it look stable? Weak? Awkwardly added-on? A roofline can reveal either structural integrity or burgeoning foundation issues. Other red flags include evidence of extensive water damage, additions that aren't up to code, and evidence of extensive termite damage. 

3. Don't Let Ugliness Put You Off 

When you purchase a property to flip, you're purchasing someone else's problem--something they don't want to deal with. That usually mean the property's going to be a train wreck in terms of curb appeal and interior finishes. That's what you want. Aesthetic upgrades are the easiest--and least expensive--to add. Find a structurally-sound home at a great price that just needs a facelift, and you're golden. 

4. Remember the 70% Rule 

Many pros use this formula to determine whether a home is worth your effort. What do you expect the market value of your home to be after your repairs and upgrades? Ideally, you should pay no more than 70% of that number, minus the cost of repairs you're putting into the home.

So for a home you expect to be worth $300,000 after you put $45,000 worth of repairs and upgrades into it, you'd pay no more than $165,000: 

$300,000 (retail value) x 0.70 = $210,000 - $45,000 (repair costs) = $165,000 

By spreading the word far and wide that you're looking, knowing what you're looking for, and having a method to run the numbers before you dive in, you'll set yourself up for success. Next step? Plan your renovations like the brilliant project manager you are. 




Tags: buying   Flipping   property   selling  
Categories: Uncategorized  


Posted by Jill Finkelstein on 5/17/2020

An open house may prove to be exceedingly important, particularly for a buyer who plans ahead and makes the most of this opportunity. Because if a buyer enters an open house with a plan in hand, he or she can gain the necessary insights to determine whether to set up a home showing or consider other residences.

Now, let's take a look at three things that every buyer needs to know about open houses.

1. Open houses generally take place on weekends.

If you plan to pursue a home in the near future, you may want to keep your weekends open. That way, you can attend as many open houses as possible and boost the likelihood of discovering your ideal residence.

Most open houses are held on Saturdays and Sundays, and these events may begin late in the morning and end late in the afternoon. There is no requirement to attend an open house as soon as it begins. However, it is important to remember that the early bird catches the worm. And the sooner you attend an open house, the sooner you can determine whether a residence is right for you.

2. Each open house is designed to provide a stress-free experience.

During an open house, you can walk around a residence and explore all aspects of a home at your own pace. Meanwhile, a seller's real estate agent is present and can respond to your concerns or questions as well.

Oftentimes, it helps to craft a list of questions prior to an open house. This will enable you to receive immediate responses to your queries from a seller's real estate agent.

You also may want to carry a notepad and pencil with you as you walk through an open house. This will allow you to keep track of any notable home features or flaws, and ultimately, weigh the pros and cons of a residence.

3. An open house provides no guarantees.

There is no guarantee that you'll find your dream residence during the first open house you attend. In fact, you may need to attend dozens of open house events before you discover a home that matches or exceeds your expectations.

As a buyer, there is no need to leave anything to chance as you search for your ideal house. And if you collaborate with a real estate agent, you can stay up to date about open house events for residences that correspond to your homebuying criteria.

A real estate agent is a property buying expert and will do everything possible to help you discover your dream house. In addition to keeping you informed about open house events, a real estate agent will set up home showings and offer homebuying recommendations and suggestions. By doing so, a real estate agent will help you achieve the best-possible results during the property buying journey.

Hire a local real estate agent today, and you can take the first step to find and buy your dream house.







Jill Finkelstein