EXIT Real Estate Consultants Teal Book - May/June 2023 Edition

YOUR BLUEPRINT

HIRE A REAL ESTATE AGENT

OBTAIN PRE-APPROVAL FOR A MORTGAGE

to Buying a Home t e a l t i p s

VIEW CANDIDATE PROPERTIES

CREATE OFFER TO PURCHASE ON DESIRED PROPERTY

CONDUCT PROPERTY INSPECTIONS AND PERFORM DUE DILIGENCE

COMPLETE PERFECT HOME QUESTIONNAIRE

FULFILL OR WAIVE CONTINGENCIES/ CONDITIONS

MOVE IN

NEGOTIATE TERMS

OFFER IS ACCEPTED

OBTAIN MORTGAGE FINANCING

CLOSE THE PROPERTY

808 Simpson St, Leesville - $199,000

120 Liberty Dr, Leesville - $345,000 124 Landry Dr, Ragley - $330,000 3811 Common St, Lake Charles - $172,000

1371 Granger Rd, DeRidder - $559,000

2240 N Beglis Pkwy, Sulphur - $290,000

201 Shirley Loop, DeRidder - $315,000

254 Liberty Dr, Leesville - $379,000

SEVEN BENEFITS OF PURCHASING A NEW CONSTRUCTION HOM

Written by Bobbye Nothnagel, Realtor

Whether you are downsizing, growing your family, or planning to buy your very first home, the appeal of a newly built, move-in-rea home is attractive. On the other hand, you can be certain that purchasin an existing home will come with lots of DIY and unexpected costs, so why not just get what you want from the beginning?

Newly constructed homes today have more benefits than ever, with the help of customization options and opportunities to reduce maintenance and operating costs compared to existing homes If you need a little push to decide if a new construction home is right for you, consider these seven benefits:

Customization: When buying new construction, you often have the opportunity to customize the design, layout, and finishes to suit your preferences and lifestyle. From door handles to countertops and paint colors to tile – you can design a space that fits your style and needs.

Energy Efficiency: New homes are built with the latest energy-efficient materials, building practices, and appliances, which can result in lower monthly utility bills and a smaller carbon footprint.

Modern Amenities: New construction often includes modern amenities such as high-speed internet, smart home technology, and security systems. This also goes for the floor plan – newly built homes have the functional amenities and features busy families look for, like eat-in kitchens, open floor plans, oversized islands, and ample storage.

Low Maintenance: New homes require less maintenance and repair than older homes, which can save you time and money in the long run. Since they are built with modern plumbing, electrical, and appliances, you can worry less about unexpected out-of-pocket expenses after you move in.

Warranty: Most new homes come with a warranty from the builder, which can give you peace of mind and protect you from unexpected repair costs. You can have confidence knowing that the builder will cover the cost of any issues that occur during the warranty period, including plumbing problems or a leaky roof

Safety: New homes are built to modern building codes and safety standards, which can reduce the risk of accidents and ensure the safety of your family

Equity: Buying new construction can be a good investment as the value of the property may appreciate over time, especially if you buy in an up-and-coming neighborhood

Bonus Benefit – Skip the Search: Many home buyers are opting for new construction to make their home search easier, especially in markets with low inventory. This can be helpful in competitive markets where bidding wars and appraisals can get in the way of your dream home.

Overall, purchasing a new home is a very similar process to purchasing an existing home, although construction timelines and walkthroughs can sometimes cause delays. Trust an experienced agent to help navigate and monitor the construction process, so you can rest assured that your new home will check all of your boxes – without the DIY!

WHY SHOULD YOU CONSIDER INVESTING IN REAL ESTATE?

Written by Joe Williamson, Realtor

President Franklin D Roosevelt once said, “Real estate cannot be lost o stolen, nor can it be carried away Purchased with common sense, paid in full, and managed with reasonable care, it is about the safest investme the world ” The fact is, real estate has been a great avenue to build pers because of its predictable cash flow, tax advantages, and great returns or yourself and your family

It’s important to know that owning property is a tangible asset that will always have value derived from both the land and any structures attached to the ground Unlike the risky stock market which can bottom out at any time, the raw land you own will always have value

A key benefit of real estate investing is its ability to generate cash flow This is your net income from a real estate investment after you have paid operating expenses and mortgage payments This will often strengthen over time as you continue to pay down your mortgage while simultaneously building up equity in the property

Real estate can also take advantage of the many tax breaks and deductions that can help reduce annual tax burdens Deducting the reasonable costs of managing, operating, and owning a property is a significant benefit to real estate investment With bonus depreciation, real estate investors can deduct 100 percent of the purchase price of any qualified property during the year the purchase was made

Another great tax benefit is the 1031 Exchange which can allow an investor the opportunity to postpone paying taxes, saving them thousands of dollars In general, if an investor sells their rental property, they will likely owe a considerable amount in capital gains tax due to the profit earned The 1031 Exchange allows the investor the ability to purchase another like-kind piece of real estate without paying those pricy capital gains taxes on the sold property It’s also one of the best ways to get rid of underperforming rental properties in your investment portfolio

Purchasing a home to live in can certainly be considered an investment tool as well Billionaire John Paulson remarked, “I still think buying a home is the best investment any individual can make ” Are you currently renting a home? Consider how much money could be invested each year by paying a mortgage rather than paying a landlord Monthly rent of $1,000 equates to $12,000 annually Over 30 years, you have just paid nearly $400,000 – with no equity and no property to show for it Another benefit is that if you ever decide to sell your property,

you will likely earn a profit by selling it for a price greater than what you initially paid

While inflation will continue to fluctuate and stock prices may fall, owning real estate will always have value Remember these key takeaways to get started on your real estate investment journey: Buy low and sell high, diversify your financial portfolio to include rental properties, and find a knowledgeable realtor to take the first step toward buying your first home – you won’t regret it!

YOUR OWN PIECE OF PARADISE on

Toledo Bend Lake

4 BEDS 4 BATHS

124 Glen Oaks Dr, Florien, LA $1,000,000

1.25 ACRES

Your own piece of paradise - where home & away share the same address! Residence or retreat? For anyone who's made their home here, the answer is a resounding – BOTH! This resort-inspired lifestyle includes an infinity pool with new pool equipment and a salt system, double boat house – with electric lifts – overlooking Toledo Bend Lake, private fishing pier – with a cleaning station, and large double shop house to use for an outdoor entertainment gathering place or storage Exquisitely appointed 4 bedroom/4 baths main house, sitting on 1.25 acres, with 2 fireplaces all with great attention to detail and exceptional granite and triple molding finishes The gourmet kitchen is a chef's delight offering a large center island and offers an extra-large walk-in pantry Let's get you home to paradise!