Home Journal - November 2015 by Ernie Wood

The Home Journal, November 2015

Lewis-KirKeby-HaLL reaL estate, inc. Each Office is Independently Owned and Operated.

THE RESULTS PEOPLE SINCE 1963! Call one of our friendly, positive professionals today!

343-2700 or Toll Free 1-877-343-2700

Top Sales for September Top Producer

Top Producer Team

Customer Service Award

David Olsen

Cox Real Estate Team

Diane Byrd

THREE OR MORE TEAM: Joe Muth, Cox Real Estate Team, Karen Jones, Duane Hosek, Maria Sieck-Strobel, Amanda Kirschenman, David Davis

Duane Hosek

510 Falcon Drive, Box Elder

The Home Journal, November 2015

CRS, SRES, MMS, Broker Owner Coldwell Banker Lewis-Kirkeby-Hall duanehosek@gmail.com Mobile Phone: (605) 391-8424 www.southdakotarealtor.com

1738 Brentwood Street, Rapid City

Priced for a quick sale. This home has it all, 4 bedrooms, 1.5 baths, 1/2 acre, one car attached garage, 40x24 metal shop/garage that can hold 4 more cars, boats, or any other toys. On top of this there are three additional outbuildings. Over $15,000 just in out buildings. Handy man special as this house needs some TLC: all cosmetic. Priced accordingly. MLS #125399

Perfect 4 bedroom, 2 bath home for a large family. Huge backyard and a dead-end street. BIG bedroom in basement. Just a couple blocks from Knollwood Elementary School and four blocks from North Middle School. Great neighbors. Less than 1/2 mile from the Rushmore Mall and Carmike Theatres. Features a corner fireplace in the living room and very large family room in the basement. This home does need some TLC, all cosmetic. Priced accordingly!!! MLS #125385

$139,900

$119,900

2123 Oak Avenue, Rapid City

6310 Greenfield Drive, Rapid City

3 bedroom, 2 bath home plus 5 acres. Updated kitchen countertops, window trim & wall. Living room fireplace with fan. Detached double garage. Newer blacktop driveway. Terrific location on 5.13 acre lot, only minutes from town. Canyon Lake Park and bike path within walking distance. Majestic red rock wall on west side of property. MLS #125367

Price Reduced By $20,000! Your own 1 acre lot with a 40x30 heated garage/shop. 2 bedroom home has been completely remodeled. Pella windows, new sheetrock, flooring, lighting, counters, cabinets. Looks like a 2014 home inside. 2nd bedroom was converted into an office, but could be converted back to a bedroom again. Circular driveway. Only 8 minutes from Rapid City. MLS #125054

$159,900

$120,000

The Home Journal, November 2015

Clean Air in Your Home

s the American population has been made more aware of the dangers of greenhouse gases, one area that doesn’t get as much attention is poor indoor air quality.

The quality of air can be two to five times more polluted than the worst outside air. This is because of the many indoor pollutants floating around our homes from sources such as gas, oil, kerosene, building materials and chemical products.

PLANTS TO THE RESCUE

Welcome Home As Low As

170

For affordable living in the beautiful Black Hills, Woodland Meadows Manufactured Housing Park is the perfect place. You can enjoy the scenic Hills setting on a large lot with room for a single, double or triple wide home. • Large Affordable Lots • Protective Covenants • City Water & Sewer • Underground Utilities • Paved Streets • Paved Off-Street Parking • Beautiful Custer Location off Highway 16A East • New home financing available W.A.C.

For more information contact us at:

605-673-5581

35 South 4th Street, Custer, SD 57730 srcc@gwtc.net

In the 1980s, NASA and the Associated Landscape Contractors of America carried out an in-depth study on which house plans were the most effective in purifying the air in space. Several of the tested plants were proven to filter out common volatile organic compounds that can negatively impact our health and well-being. Here are three of the most effective house plants for cleaning your air: Aloe: The study found that aloe helps clear both formaldehyde and benzene, which are generally byproducts of chemical-based cleaners. Spider Plants: Also safe for the pets in your home, spider plants are quick to battle benzene, formalde-hyde and carbon monoxide. Their unique stringy foliage makes them perfect for hanging baskets. Azaleas: These budding beauties are best grown in cooler temperatures, making them perfect for improving an indoor area such as a basement.

DIRTY SOCK SYNDROME

Even though it may not have a very scientif-ic-sounding name, dirty sock syndrome can have a serious impact on the overall smell of your home. The problem most commonly occurs when bacteria that has built up from the moisture in your air ducts and system during cooling season are dried up and killed when you begin using heat. This can result in a “dirty sock” smell being emitted from your ducts that is both annoying and over-whelming. Call your local heating and cooling profes-sional, who for a fee can resolve the issue by spraying an antibacterial solution on your unit’s coils. Hopefully you’ll be back to odorless air in no time.

Showing Oct. 15th & 23r 23rd 11 AM–1 PM

MLS #49489

423 E. New York St., Rapid City Auction Held Onsite Oct. 27th at 2 PM

Office 605-347-7579 Dave W Wilson 605-490-9959 R.T R.T. Shaw 605-490-1176

Built on a one-level floor plan, this 3BR/2BA home totals 1,024 sq. feet. A one-car, detached garage with concrete flooring and electric sits on the property along with a spacious, fencedin front and back yard. A storage shed, side deck and front patio with a sliding-glass door are among many features this home has to offer! A concrete driveway, back alleyway and off-street parking make for ease of access. If you’re interested in a residential home with much potential, or would like a great real estate investment to take advantage of rental rates in the area, be sure to inspect this property and be in attendance! Showing: Oct. 15th and 23rd 11 AM – 1 PM. The area includes a nearby sports complex, swim center with events arena, and is within walking distance to many local businesses. This property absolutely sells with no minimum or reserve and is lender-owned. Visit www.sturgissd.com for complete details!

www.sturgissd.com

Sturgis Real Estate Co. & Pr Promotions | 990 Main St. | Sturgis, SD 57785

Save Time and Money! Sa Email, TExT or Call GrEG roTh gregroth@grbrrealty.com

605-391-0939

Greg Roth

-attention sellers-

full service real estate

Call for a FREE Brokers Price Opinion of Your Home.

RealtoR®

owner/Broker

NOW REDUCED $5,000

FINANCING FOR VA OR RURAL HOUSING

NEW SW RAPID LISTING

NEW LISTING - SIDE BY SIDE DUPLEX

Exceptional family home at an affordable price. 3+ bdrms, 2 baths, and large heated 2 car garage. Formal dining room w/large open kitchen. Formal living room + a family room w/ gas fireplace. Walkout onto a large patio in the privately fenced backyard. Separate 26X12 shop and equipment building. Garden and paved area for RV parking. Very special home with something for your whole family to ENJOY. Short walk to schools and shopping. Mls#123060 • $149,900. Call Greg Roth at 605-391-0939.

Pristine home and community. 3 bedrooms, 2 bathrooms and large attached double garage with walkout. Large kitchen, open floor plan, high grade wood flooring throughout, ceramic tile and carpet where applicable. Dining with walkout deck and patio. High wooden fencing for privacy. move in ready, appliances and window coverings stay. Thank you for your consideration. Mls#123623 3425 Wesson Rd. $198,500 Call Greg Roth at 605-391-0939.

A slice of heaven on earth. Spectacular 360 views on private cul-de-sac. Home is nothing less than pristine inside and out. 3 bdrms, 2 baths, attached 2 car finished garage with ample storage. The master bdrm has an attached bath with dual sinks. Second bdrm with a private bath. Open living room with a cozy gas fireplace. Private dining with pitched ceilings. Walkout has a 2 level deck overlooking the beautiful, sprinkled lawn. MLS#125398 • 3614 Margaret Ct. $199,900. Call Greg Roth at 605-391-0939

VA BuyeR ALeRT. Used as owner occupied it will provide a solid monthly income and a place to live. Built new in 2001 through 2002. Like new and move-in ready. Both units A & B have ample living space on one level (handicap ready). Built with two nice sized bedrooms, living room, kitchen, laundry, and bathroom. Large private backyard with alley access. Good storage area in the lower portion of the building with ground level entrance. Ample on-site parking. Ml#125050 • Rapid City $157,500 Call Greg Roth at 605-391-0939.

20+ES! R AC

ONE-OF-A-KIND FIND! SELLERS WILL CARRY FINANCING Just 600 feet from the shoreline of Sheridan Lake. Sit back and dream of living secluded in nature, no neighbors other than wildlife. A hunter’s paradise. Sellers paid $400,000 in 2002 for property. 20+ acre plat. Seller is offering $25,000 reduction for a quick cash closing. MLS#117398. TBD Calumet Rd. $250,000

CASCADE SPRINGS RANCH SW SIDE OF LAKE ANGOSTORA WITH VIEWS OF THE CHEYENNE RIVER! Very rare opportunity! Selling 320+/- pristine acres. Wildlife of all kinds including elk and deer. Special accommodations needed for showing so please call to see it today! Call Greg Roth at 605-391-0939

The Home Journal, November 2015

AUCTION

ABSOLUTE REAL ESTATE

The Home Journal, November 2015

sTePhAnie lien Owner/Broker

Jill VAnThul Licensed Assistant

lori BArneTT Designated Broker

TonY mArshAll Broker Associate

TJ woJTAnowiCZ Broker

TYler sChAd Broker Associate

786-5817

391-8669

863-1920

430-3710

CAl BAker Broker Associate

rYAn kellY Broker Associate

AmAndA Thune Broker Associate

391-3203

430-2758

mike hArmon Broker Associate

390-1571

593-3242

Josh uhre Broker

ChrisTin uhre Broker Associate

drew YeomAn Broker Associate

390-8790

390-8197

484-5392

390-6680

GreGG sTilTon Broker Associate

JACkson CYr Broker Associate

niCi kuChenBeCker Broker Associate

dAVe simPson Broker Associate

BeTsY Brose Broker Associate

939-9799

484-4044

390-6117

574-0007

mikAlA kulesZA Broker Associate

rJ Brownell Broker Associate

kellY lhoTAk Broker Associate

AdAm kArrels Broker Associate

786-7645

415-2606

390-6322

490-1701

939-5649

381-3040

tbD runkle roaD

• 130 acres of gorgeoUs tree coVered land with canyons and lUsh Valleys • power and phone already aVailable to the land & water nearby • natUral enVironment for black hills wildlife • mls #124778 $499,000 • call tJ woJtanowicz 863-1920

16051 engelHart lane • beaUtifUl home on 10 acres • barn, 7 garage stalls, shop • 3093 sq ft, 4 bedroom, 2 bath • mls #124519 $399,500 • call daVe simpson at 390-6117

2923 olive grove court

• 3+ bedrooms, 2+ baths, great design! • almost ready for moVe in! • orchard meadows sUbdiVision inclUdes medical, green space, gas station & golf coUrse • other plans aVailable • mls #121301 $227,900 • call tony marshall at 391-8669

6439 Dunsmore roaD • introdUcing red rock Village patio homes • high qUality, high style! • ranch style, 3 bedrooms on the main + fUll basement • fUlly landscaped • mls #125039 $329,900 • call tony marshall at 391-8669

7290 castleWooD Drive • wow! yoU mUst come see this 2 story home with high end finishes! • 3 beds, 2 baths • finished den • mls #125062 $299,900 • call tJ woJtanowicz 863-1920

6142 Flintlock court • beaUtifUl home bUilt in 2009 • 3 bedrooms, 2 bath, 2 car garage • hUge finished family room • mls #124942 $189,500 • call tJ woJtanowicz 863-1920

12276 gilt crest Place • remodeled beaUtifUl log home • sitUated priVately on 5 acres • hUge deck with great Views • 5 bed, 3 bath, 3 car garage/shop • mls #125382 $519,900 • call tJ woJtanowicz 863-1920

23642 WilDerness canyon

1114 settlers creek Place • one leVel liVing • cUstom tile shower • golf coUrse, hiking and biking trail • new constrUction with complete landscaping • mls #124221 $339,900 • call lori barnett at 786-5817

4720 Hamlin court • master bedroom has access to deck • big open family room downstairs • great location at the end of a cUl de sac • newer shingles on the roof • mls #124712 $159,900 • call tJ woJtanowicz 863-1920

903 Franklin • historic west boUleVard district • near wilson park and school • 2461 sqUare feet • 4 bedrooms, 2 bath • mls #124029 $235,000 • call daVe simpson at 390-6117

919 WiDe vieW Drive

tbD Dark canyon roaD • this may be one of the best bUildable lots in dark canyon! • lot and Views and creek frontage • many different bUilding sites • bring yoUr ideas and bUild yoUr dream home • mls #124625 $275,000 • call tJ woJtanowicz 863-1920

910 Haakon street • 2 bed, 2 bath, 2 car garage • 1913 sq ft with Unfinished basement • mls #123927 $190,000 • call drew yeoman at 484-5392

tbD Homer smitH roaD • 20.02 acres with amazing Views • meadows, trees, seclUsion, and easy access • horses allowed • partially fenced • mls #125451 $209,000 • call tJ woJtanowicz 863-1920

1529 tablerock roaD

• mls #123001 $439,900

• rare combo of treed log home liVing, spectacUlar View and less than a mile from the city limits • cUstom home bUilt in 2006 • 3 bedrooms, 3 bath, 3 car garage • mls 124199 $437,000

• best Views yoU’ll find! • 1700 sq ft on the main leVel plUs 1,000 in the basement! • 3 car garage • mls #121843 $374,900

• call tony marshall at 391-8669

• spectacUlar floor plan & copper oaks setting • 4 bedrooms on same leVel, +1 downstairs • black hills liVing only 12 min to rapid city

4137 augusta Drive • bUilt in 2001, many great featUres! • large deck with great Views • massiVe family room • walkoUt to the backyard right in the 15th fairway of the elks golf coUrse! • mls# 124542 $399,900 • call tJ woJtanowicz 863-1920

The Home Journal, November 2015

8700 HeatHer Drive

• Updated wood framed ranch style home • 4 bed, 3.5 bath on 1.23 wood acres • Views oUt eVery window! • cUstom cabinets in kitchen and bath • addition 1,664 sq ft detached garage/shop • mls #125177 $399,450 • call tJ woJtanowicz 863-1920

The Home Journal, November 2015

HOMEWISE

Real Estate Tips and Advice

Choosing a down payment

By ALEX MASON | Green Shoot Media

REAL ESTATE 101

Buying a home may be the biggest purchase of your life, so you want to make good decisions every step of the way. The buying process is more than simply signing on the dotted line. You still have many important factors to consider and must take careful consideration with all you do. The down payment is not a cutand-dry deal. This is one aspect of the home buying process where the buyer, the seller and the bank must all agree.

Down Payment Tips In general, a larger down payment will reduce your monthly payments If you don’t have enough cash for a down payment, a rent-to-own option may be a good choice for you while you save money.

HOW MUCH SHOULD I PUT DOWN?

The answer will likely be the amount that you can afford. Persons buying homes with a surplus of cash may opt to put down 20 percent or more. In general, the higher the down payment is, the lower the monthly payments will be. However, in some cases, the total purchase price will remain high due to the interest rate offered by the bank. Always check and see how different down payments will affect the interest you pay. If you wish to do business with a particular lender and roll your monthly payments back, one good option is to buy down the loan with points.

PAYING POINTS

The process of buying down points allows a borrower to gain access to a better interest rate, which will cut down the total mortgage balance over the life of the loan. A buyer with some extra cash available for the purchase of a

THE BOTTOM LINE

The amount of your down payment can affect everything from your monthly payment to the interest rate on your mortgage. home will save money in the long run by buying down a few points. When buying down points, be sure that the payout does not leave you in a financial lurch. Buy only what you can comfortably afford with the option of refinancing the loan at a later date.

GOVERNMENT ASSISTANCE

Freddie Mac and Fannie Mae are excellent resources to find bargain priced homes that require a minimal down payment. Typically, a borrower may put down just 5 percent of the real

estate cost and enjoy a nice discount on quality housing. Many Realtors and real estate brokers are experts in the Fannie Mae and Freddie Mac field. To get started and save big bucks, contact your local real estate professional for assistance in housing from the Department of Housing and Urban Development in sealing the deal on the loan.

RENT-TO-OWN HOME PURCHASE

Rent-to-own agreements, also known as lease-to-own agreements, can get you into a house or condo in the blink of an eye.

This innovative open door allows the home owner and renter to set their own terms and conditions that may lead to the purchase of the leased property at a later date. In many instances, a seller may accept a full or partial down payment taken from the monthly rent, thus making the down payment a snap if the renter would like to buy the home later. The down side is that the buyer will have minimal choices when looking for a place to live. However, the upside is the potential for an easy down payment that is ideal for buyers with a low cash flow, or those who need time to improve their credit.

In the end, the bottom line of how much you put down on a new home will be largely dictated by your financial situation. When making that decision, be sure to factor in the closing costs, moving expenses, new furnishings and appliances, and set aside as many monthly mortgage payments as you can. In addition, home buyers who have not sold their old home and must continue to pay the mortgage need to be practical and calculating when juggling two loans. Always leave yourself plenty of financial leverage for emergencies and find your perfect balance of down payment and monthly mortgage payment. If you don’t have peace of mind with your current situation, walk away. It is much better to downsize your home and buy something cheaper than to lie awake at night and worry about what you have done.

Keller Williams Realty Black Hills 2401 W. Main Street Rapid City, SD 57702

FOR SALE

FOR SALE, Continued

Land

Warehouse

Deadwood Ave. - 8.77 ac. General Commercial. $1,800,000 4835 & 4315 N. Haines Ave. - 3 lots up to 15.12 ac. Medium Density Residential. $1,470,150 2501 Mt Rushmore - .77 acres; high traffic, high visibility. General Commercial $998,000 Creek Drive - Light industrial - .89 ac, $125,000

Business/Investment TekNetCorp - Computer sales, service & repair business - $599,000 Pearl Vision - Turn-key franchise opportunity! $495,000 Sioux Pottery Business - Hand crafted pottery, in business over 50 years, $65,000 U/C Roosevelt Inn, Keystone, SD - Hotel Business & Real Estate. $1,762,000 Sugar Shack - Business & Real Estate. $499,000 MB Enterprises - Wholesale Jerky Business. $500,000 U/C 110 Garfield, Murdo, SD - 8-plex. $375,000 Piece of Cake - Business only. $42,000 Collections Business - Over $500k in outstanding judgments - $55,000 3820 Jackson Blvd. Unit A - 3,175 sf office condo, fully leased $350,000 “The Office” in Oelrich’s, SD - Restaurant/bar/casino $250,000 Hisega Lodge - Bed & Breakfast, turnkey operation $998,000 906 Lazelle - Sturgis, SD - www.20RallyRooms.com Over 10% return! $399,950 Laundry World - Turnkey laundromat business - $630,000 Off Sale/Premise Hard Liquor License - Rapid City - $100,000

Office/Retail Buildings 3600 Jet Drive - 20,250 sf office building on 6 ac. $2,200,000 1600 Mt View Rd - Suite 108 - 1,965 sf office space - $235,800 130 Main Street - 3446 sf, former Breadroot building - $399,000 2501 Mt. Rushmore Rd. - (current Colonial House building) 5,384 sf restaurant & 3,552 sf retail strip center, $998,000 1064 Main St. Sturgis - 3,750 sf, $375,000. 826 Main St. - 10,500 sf. $950,000. Includes furniture, fixutres, & equip. 830 Main St - 7,000 sf. $800,000. Minutes from Main St. Square! 3312 Jackson Blvd. Great westside location - 3,082 sf office building $297,000 202 E. Saint Francis - First Wesleyan Church 14,721 sf. $650,000

903 Echo Valley Rd. Keystone, SD - 9,000 sf building on 32 ac. $689,000 11985 Quaal Rd. - 8,000 sf warehouse/office building. $565,000 300 Hillsview Dr., Box Elder, SD - 2,534 sf warehouse. $149,999 U/C Nash Finch Building - 195,967 sf light industrial. $5,975,000 502 Box Elder Rd - Shop/warehouse/office. $437,500

FOR LEASE Retail 130 Main Street - 3,446 sf. $2,750/mth + insurance, util and maint. 2255 Haines Ave - Suite 208- $1,233.33/mth + $306.67/mnth for taxes, etc. + util. Rushmore Crossing - 2 retail spaces. 1,500-3,700 sf. Lease rates vary. 7211 Black Hawk Rd. - 3,200 sf restaurant/retail $2,134/mth. + util. 1808 Mt Rushmore Rd. - 1,000 sf retail. $1410/mth + utilities 826 Main St. - $8/sq ft/year + NNN + Util. 10,500 sf. Great location! 830 Main St. - $10/sq ft/yr + NNN. 7,000 sf retail space. 804 E. Saint Patrick - 3,250 sf retail - $2,500/mnth + water, gas & util. 333 W. Omaha in Tuscany Square - 2 units; 7,897 & 12,800 sf. $10/sf/year + NNN 811 Disk Drive - The Shops at Rapid City - 7 units available; 1,146-8,810 sf. $12/sf plus est $2.80 NNN and utilities. Vanilla shell included.

Office 111 New York St. - 19,600 sf building. $14,700/mth. + util. 1760 Centre St. - 500-3,000 sf office/retail. $500-$3,425/mth. 3600 Jet Drive - 20,250 sf building. $20,000/mth. + NNN + util. 1404 Mt. Rushmore Rd. - 225 sf - $550/mth. 3117 W Rapid St. Suites 1 & 4- 480 sf each. $590/mth. + util. 1575 N. Lacrosse - 1,200 sf office suite. $11/sf/year + util. 1220 Mt. Rushmore Rd. - 5,600 sf office. $7,556/mth. + util. First Interstate Gateway - Two suites - 3,000 sq ft each. $16/sq ft/year + NNN 2218 Jackson Blvd. Suite #9 - 925 sf. $760/mth. +util. 1600 Mt View Road - Suite 108 - 1,965 sf. $2,128/mth. +util. 3312 Jackson Blvd. - 3,082 sf office building. $2,800/mth. + util. 4200 Beach Drive, Suite 6 - Great space off Jackson! 600 sf - $750/mth. GROSS

Warehouse/Industrial 3515 Seger Drive - 1,920 sf. “Unit C” - $1,550 + utilities 11985 Quaal Rd - 3,000 sf office; 5,000 sf. Warehouse. 6 overhead doors $4,200 plus utilites

The Home Journal, November 2015

Your Property ... Our Priority VISIT OUR WEBSITE www.RapidCityCommercial.com

Chris Long Commercial Broker Phone: (605) 939-4489 Email: Clong4@gmail.com

Sandra Runde CCIM, SIOR, Commercial Broker Phone: (605) 391-7500 Email: Skrunde@gmail.com

The Home Journal, November 2015

20958665 STURGIS REAL ESTATE CO. HOME JOURNAL OCT 14 6x9 1 CY, 2 MA, 3 YE

Real Estate Tips and Advice

Buying an older home Water damage is a major repair and can contribute to mold setting in. Mold can be toxic, which would require the immediate evacuation of all people and pets. Be sure your new home has a strong roof and have it inspected for damage. Cracks in the walls, driveways and property cement slabs may indicate earthquake damage, shifting soil, or the foundation crumbling under the house. It’s better to be safe than sorry, so get everything checked out by a professional.

By ALEX MASON | Green Shoot Media

Buying an older or historic home may be a romantic notion, but there are a few critical things to consider. Your home may be the biggest purchase of your life, so you want to protect your investment with a house that does not require extensive work and repairs. Older homes grace the leafy treelined streets across the country and bring a sense of culture and history to a neighborhood or rolling country hills. This type of home can be an excellent investment and bring you many years of satisfaction when you ask the tough questions before you sign on the dotted line.

PLUMBING

Replacing the plumbing is a major expense and can tear up the flooring in your new dream home. Ask if the home is using the original plumbing system, how many rooms are operating on it and what date contemporary plumbing was added.

ELECTRICAL SYSTEMS

The electrical wiring is not only essential for energy. It could pose a threat that could burn your dream home to the ground. Bringing the electrical system up to code will be expensive, but this is one corner you cannot cut. Safety comes first, and whatever your trusted electrician recommends, do it.

A SOLID FOUNDATION

The era when a historical home was built most likely pre-dates the

FLOORS

When purchasing a historic home, there are many considerations, including paying for needed repairs. age of careful foundation calculation. Be sure to hire an inspector to verify if the home can support a second floor and double check to find out if the upper level was an add-on. In addition, property located in earthquake zones or subject to floods may have suffered faults in the foundation.

TERMITE DAMAGE

Termite inspection is a standard practice in the transfer of property today. However, older homes that have not changed hands over the years may not have had proper termite control treatments. Long-term damage can weaken the structure and foundation and cost you more than you want to pay to fix it. Repairs to the internal frame and foundation are possible, but at a price. It’s your choice to put more cash into the older home or walk away and find another one.

INSULATION

Insulation is easy to fix, and you will probably have to do it when buying an older home. In addition, homes located in areas with extreme temperatures may require central air and heating. Before you buy, it is wise to get an estimate from a local heating and air company and decide if you can live with the upgrade costs.

OUTDATED FIXTURES AND FEATURES

Homes built in and before the 1970s have a personality all of their own. Built-in features, such as wet bars and cumbersome bookcases, can disrupt the flow of a room and limit your placement of furnishings. To save yourself some grief down the road, be sure to envision the living space as you would like

to have it and do a calculation for the removal of unwanted built-in objects or walls.

KITCHEN SPACE

The size and efficiency of a kitchen is a major factor in the sale of a home. Many older and historic homes do not reflect today’s gourmet lifestyle and do not provide a sumptuous kitchen space. This may be corrected if there is sufficient space behind a kitchen wall to expand or you like the idea of the compact, old-world style kitchen.

DINGS AND DENTS

Your dream home may have a few cracks in the walls or water stains on the ceiling. The cosmetic repairs are a snap to fix, but finding the source of the imperfections can be a problem.

A creaky floor can drive you nuts, and getting under the house to repair it can cost a fortune. Sometimes the damage is due to a weak floor right down to the structure. In addition, if you plan to upgrade tired carpets with tile or parquet, be sure to check the prices and get an estimate for the final cost. If you cannot afford to replace the entire floor at one time, it’s not a problem. Many home buyers remodel one room at a time to ease the financial burden and have some creative fun.

WINDOW REPLACEMENT

Like replacing the floor coverings, a total house window replacement may be done gradually. Get the front windows done first and upgrade to energy-efficient double glazed glass to better insulate the home. Fixing up an old house can be a journey rather than a race to the finish line.

The Home Journal, November 2015

HOMEWISE

The Home Journal, November 2015

REAL ESTATE | FINANCIAL CONSIDERATIONS

Can You Afford to Buy?

ou might think you’re ready to buy until you start crunching the numbers. It’s better to find out now that you’re not ready rather than when you’re already tied to a 15- or 30-year investment. Earning the title of homeowner can be an easy task, especially considering today’s low mortgage rates and banks’ willingness to open up their lending again. But retaining the title of home-

owner can be difficult if you’re not fully prepared for the extra finances. Potential buyers can sometimes forget to consider costs such as homeowners insurance, inspection fees or even general month-to-month repair and maintenance costs. Other costs that can impact your bottom line include those associated with moving, landscaping and upgrades you may want to make as soon as you are handed the keys. Budgeting for these items is an exercise in simple addition and subtraction. Be sure to take a close look at your income and expenses. Once you feel confident in what’s left over, you should feel secure in taking the leap.

MORTGAGE OPTIONS One way to give yourself some wig-

gle room in terms of your monthly mortgage payments is by reviewing your options as a borrower. Down payments typically range from 3 to 20 percent of the property value, depending on whether you decide to take out a loan that requires private mortgage insurance. Private mortgage insurance is a policy that allows mortgage lenders to recover part of their financial losses if a borrower fails to full re-pay a loan. It can be beneficial to a buyer who may not have a large down payment available because it makes it possible to buy a home with as little as 3 percent down. Realize that the trade-off here is a higher mortgage payment, so choose your path wisely depending on how much you have to put down and how much you’re comfortable spending on

a monthly basis.

GET ESTIMATES If you haven’t been through a home sale or purchase before, you may not realize how many moving parts there are to the process. Sure, you’re paying an agent to handle certain parts of the transaction and your title company for other aspects, but it comes down to you being an educated party to make sure everything goes according to plan. Work closely and regularly with your banker, Realtor and title company to obtain updated estimates for your closing costs. The last thing you want is to be surprised on closing day with a different amount required than what you were expecting to pay.

Beautiful home located on quiet street in Copperfield Vistas. This home features 1333 square feet finished with the highest quality materials, ceramic tile flooring in the entry way, real 3/4” hardwood flooring in the kitchen and dining room, Alder cabinets with granite countertops in kitchen and both bathrooms, high quality carpets in living room and bedrooms, great 12x12 cedar deck and a large 3 car garage. Don’t miss out on this spacious home with open floor plan and 1333 square feet of basement to build out the way you want. Call today for your private showing. MLS#124339

Great value in one of the finest communities in Rapid City with easy access to Catron Blvd and Interstate 90. This home offers everything you’d want at a great price. 3 bedrooms, two baths including a master suite with a large walk in closet and double sinks. The kitchen/dining room/living room offers a large open space with hardwood floors, granite countertops, alder cabinets and all the appliances, built in entertainment center that’s wired for surround sound, recessed lighting and a built in gas fireplace. An unfinished basement that lays out wonderfully for finishing and an oversized three car garage make this home the best buy. Unfinished walk out basement gives you room to grow. MLS#124341

3125 Eunice Dr • $279,900

3216 Eunice Dr • $279,500

Come check out this wonderful floor plan featuring open kitchen, dining room and living room area with a large living room with a built in entertainment center around a gas fireplace, granite countertops with Alder cabinets, 3/4 inch hardwood flooring leading you to a Master Bedroom large enough to fit a king size bed with dressers, walking into a 5 piece master bath with dual sinks, oversized soaker tub, walk in shower and master closet. The bedrooms are separated with the master on one side of the house and the other two bedrooms on the other separated by the main bath, so everyone has some privacy. Top this off with an unfinished basement for you to design to meet your needs and an oversized garage and you’ve got a house you can make a home. MLS#125026

Come see this beautiful ranch style home featuring 3 bedrooms, 2 baths, main floor laundry with large open kitchen, dining room and living room featuring alder cabinets, granite countertops, hard wood floors in the kitchen and dining room, recessed lighting, gas fireplace with built in entertainment center that wired for surround sound. A full unfinished basement gives you room to grow and design to fit your families needs and an oversized three car garage. Don’t miss this exceptional value. MLS#125022

All homes reAdy to move in. All homes currently being fully lAndscAped with sprinkler systems. lots AvAilAble for you to pick your plAn or bring your own builder

Dave Butler • Cell - (605) 431-1000 625

1/2

dbutler@rushmore.com Main St. Suite 6, Rapid City, SD 57701

The Home Journal, November 2015

3221 Tess Ct • $269,900

3128 Eunice Dr • $259,900

The Home Journal, November 2015

RENTAL GUIDE | FIRST-TIME RENTERS

Paying Your Bills

he financial requirements of renting your own place can be overwhelming to many first-time renters. Proper preparation is key to making sure you’re on top of your own fiscal destiny. The last thing you want to do is fall behind on your rent. This can lead to unhappy landlords and even worse, ruined credit. The decision to move out on your own is definitely an exciting one, but just make sure to do your homework before making the leap.

MAKE A BUDGET

The first step to creating an accurate budget is listing everything you will be spending to keep your rental and living requirements fulfilled. These items can include: • Rent • Insurance • Electric • Water • Trash/recycling • Groceries • Cable/television Take your monthly income and subtract the total from the list above. Now let’s move on to your discretionary spending. This can include: • Eating Out • Movies and entertainment • Gym memberships • Gifts

• Electronics and games Subtract this total from what was left over above. Do you have enough to enjoy a few nights out per month or to add some money into your savings account? If not, you may be overreaching on what you can afford. Obviously, it is better to do this math before moving in to make sure you’re making a smart financial decision. Options for padding your savings include picking up parttime work, if possible, or sticking to plans of cutting discretionary spending by a certain amount per month.

CHANGE YOUR ADDRESS

If you have bills coming to your current address, be sure to change your address with your post office and creditors. Stop in at your local U.S. Postal Service office once you have officially moved in and fill out the necessary forms. The process only takes a few minutes and will help you continue to receive your mail. It also will ensure that you’re on time with all bills during what can be a fast-paced moving experience.

12551 Ford Mountain Court The beautiful 4 bed, 4 bath, 4 car home, on this

SALE PENDING Hill City

scenic 6.24 acre property, includes a large kitchen with granite counters and center island, 2 sinks and hickory cabinets. Maple hardwood floors w/walnut inlays grace the open floor plan kitchen, dining and living room. Slate entrance foyer, main floor laundry, wet bar in the walk-out lower level, and a large 908 sq ft. trex deck (14x16 covered) and many large windows facing the Harney Peak views are but a few of the many amenities. This property also includes 4 quality outbuildings: 30x48 drive-thru Cleary w/2 16’ OH doors, 30x35 heated shop, 12x18 Guest cabin/studio and a 20x12 storage shed. MLS#123304 • $519,900

SALE PENDING Rapid City

4538 Titan Drive This sharp 3 bed, 2 bath home is conveniently located

5000 143rd Ave

Rapid City

4263 Derby Lane

This 4 bed, 2 bath, 2 car home, on a spacious corner lot, features an open floor plan with vaulted ceilings and many updates including: a new roof, new windows, gutters, new exterior and interior paint, new beautiful solid 6 panel interior doors w/trim and numerous light fixtures. Other amenities include a large chain link fenced side and back yard w/ garden shed, front and back decks and an extra vanity/sink in the master bedroom. The second family room area in the lower level would make an ideal theater room. Your family can enjoy over 2000 sq.ft. of finished living space. MLS#125137 • $184,900

605-484-6446

This 20 acre horse property features a 2 Bedroom, 2 Bath home with new shingles, 24x64 barn with stalls, 4 horse shelters, arena, corrals and a 12 acre pasture. The entire property is level and ideally suited for all equine activities. All portable corral panels for the corrals and arena are included with this property which is very close to Rapid City for convenience and just far enough away to experience country living. MLS#121413 • $250,000

Rapid City

2121 Hoeffer Avenue This charming “one level living” 3 bedroom,

Rapid City

1 bath ranch style home with a 1 car attached garage would make a great investment property. The back yard is fenced and includes a garden shed. Updates in recent years include windows, laminate floors in kitchen and dining room. hardwood floors in the living room, new roof & hardboard siding in 2010-11, sewer line replaced in 2004, new hot water heater, bathroom remodel, new steel entry garage doors in 2014, and a new refrigerator in 2015. Buy and occupy when the current renters lease ends, or continue receiving the good rental income. $127,900

and nicely maintained. Features include an open kitchen, dining, living room floor plan and a large family room with wired surround sound to enjoy in the walk out lower level. The kitchen includes a center island for informal dining. The large backyard has a new chain link fence to allow pets to have plenty of room to exercise. A parking area adjacent to the garage and driveway allows room to park an extra vehicle, RV or boat. All three bedrooms are spacious and the second bedroom on the main level includes a large walk in closet. The large driveway can accommodate several vehicles when entertaining guests. Great views to the east and move in ready for a new owner. MLS#124961 • $189,900

TBD Wagon Box Drive

Belle Fourche

This beautiful 4.20 acre lot offers panoramic breathtaking views of Bear Butte to the East, Terry Peak to the South and Spearfish Mountain to the West. If you are looking for a lot that is user friendly for building your dream home with plenty of elbow room to accommodate an outbuilding of up to 1200 Sq.Ft., this could be the one. The Hat Ranch 2 Subdivision is within the City of Belle Fourche. There are no association dues and the water system and paved roads are maintained by the city. Homeowners only need to install a pressure pump, water meter and engineered septic tank system. MLS#124504 • $69,900

WWW.BHHOMESANDLAND.COM

WANTED: WESTERN SD FARM/RANCH/HORSE PROPERTY LISTINGS FOR SEVERAL BUYERS

1211 Mt. Rushmore Road, Rapid City, SD 57701

605-342-1810

920 Farlow St. Rapid City

1716 Herman St. Rapid City

1175 Parkwood St. Black Hawk

MLS# 123807 $99,900

MLS# 125361 $134,900

MLS# 123392 $149,900

Andra Hagen

605-390-8166

Judy Rohde

605-209-1521

4517 Jewel Ct. Rapid City

2502 Springbrook Rd. Rapid City

117 Candle Stick Ct. Rapid City

MLS# 124665 $329,000

MLS# 122906 $289,000

MLS# 125421 $197,000

Alicia Hocke

Larry Petters

Don & Kathy Lilya

605-390-8166

605-390-7383

789 Sonic Way Rapid City

13020 Melcor St. Rapid City

13821 Clydesdale Rd. Rapid City

MLS# 125310 $202,650

MLS# 125256 $344,900

MLS# 116972 $999,999

Don & Kathy Lilya

605-484-1438

Daneen Jacquot

605-484-7832

Visit our website for Western SD Listings and Open Houses

—

605-484-1438

Kevin Kuehn

605-391-7734

www.SouthDakotaRealEstateCompany.com

The Home Journal, November 2015

RAPID CITY /BLACK HILLS RESIDENTIAL/ACREAGES

LARRY SCHECHER

Larry.realestate@yahoo.com

1240 Jackson Boulevard, Rapid City, SD 57702 Office 341-4300 • Toll Free 1-800-341-4302

The Home Journal, November 2015

HOMEWISE

Real Estate Tips and Advice

Make Your Listing Stand Out By ALEX MASON | Green Shoot Media

REAL ESTATE 101

When real estate prices are falling, the home buying experience becomes a buyer’s market. To seal the deal, listing agents have to kick it up a notch to turn the home buyer’s head. Creating an effective real estate listing should contain a balance of pertinent property information mixed with a little emotional appeal. Abundant real estate inventory provides the home buyer with a wide variety of choices. The aggressive listing agent who wants to get noticed must pull out all the punches for their listings to grab the limelight. Separating your home from the pack with a creative description and visual aids. These elements will help your home get noticed, and the smart seller will go after as much exposure as he or she can afford.

PHOTOS

The tried and true single-shot photograph taken from the curb may not get you to first base in a competitive housing marking. Today’s home buyer is smart and savvy and likes to have all the facts at their fingertips. Be sure to take multiple photos and publish the highlights from every room. Although the interior of the home is the main event, be sure to get a good photo of the backyard, whether it is landscaped or not. The outdoor living space is key to the buyer’s final decision. A spacious yard opens the buyer’s mind to possibilities with home expansion, garden parties or a quiet place to retreat. When photographing the

Anatomy of a Great Listing Find as many potential buyers as possible by including the following in your listing: Multiple photos, including interior and backyard shots Open house information Information about schools and local amenities

Help your home listing stand out from the crowd by including information that sells. Buyers like to see multiple photos, accessible open houses and information about the area. property, it is essential to omit any flaws or crumbling areas unless the home is advertised as a fixer-upper. They say a picture is worth a thousand words, and you want all that vocabulary to be positive.

OPEN HOUSES

Many times a buyer will have their eye on a property but can’t make it to an open house that runs just a few hours on the weekend. Major real estate companies know the value of holding a couple of open houses during the week to make the showing avail-

able to everyone. If you plan to include a midweek evening showing, be sure the electricity is on. You may have to install some light bulbs or set up your own lighting system for properties that have been empty for a while.. Most importantly, be sure that the indoor and outdoor walkways are nice and bright to avoid a slip-and-fall accident on the property. Your open house should be advertised in the local newspapers in advance, and be sure to use plenty of arrow signs to guide the buying traffic in from

the main intersection.

RESOURCES

In most cases, your home buyer will already be living in the area where he or she wishes to purchase. Newspaper advertising is excellent, and the aggressive agent may wish to supplement print ads by listing online. Real estate websites, whether your own or renting a space on a national site, are becoming popular places for potential buyers to search for their dream house. Use as many advertising formats as you can afford, both in print and

online, because you never know where your buyer could come from No, they are not cheap, but they do have a proven track record to get the properties sold.

INFORMATION SELLS

To attract more attention to your property, buyers like to see vital statistics for the area. On your website ads, you may opt to include information on the school district and neighborhood amenities such as dining and shopping. In addition, buzz words such as “minutes to the freeway” and “one block from the mall” can make or break your sale. In a competitive market, your real estate listing has to sell more than just a house. It has to sell a happy lifestyle and fit it to your buyer’s dream.

Call for the Southern Hills’ best selection of property!

Jeff Storm Broker Assoc.

Carol Wood Broker Assoc.

See all of our listings at www.realestatecenters.com/Custer

Anne Fuchs ABR, SFR Broker Assoc.

Mark Wiley Broker Assoc.

exCepTiOnAl HOMe

CuSTOM lOg HOMe

ideAl lOCATiOn

THe WRAngleR

This 3700 sq.ft. 4-5 bdr, 3 bath home with oversized-heated 2-car garage sits on .88 acre. Home has oak flooring, hickory cabinets, native rock both outside and around gas log fireplace, huge kitchen w/bar & breakfast nook, family room with wet bar, pellet stove, game room and storage. Patio, great views and rock outcroppings complete this package! Country home with style. MLS #49451 $387,000.

Custom log home on 2.49 acres located just west of

Ideal location at a great price! Horse Riders Paradise! 18.51 acres with 1635 sq.ft. 3 bdrm, 3 bath country home. 36 X 60 barn all set up for your horses. 7 Dutch doors, 3 stalls, 2 large pens, automatic waterer, 2 outside hydrants. Low maintenance. Perimeter and cross fenced. Gate bordering USFS land. MLS #47683 $547,000

The Wrangler: A “Custer Fixture” for years. Building and equipment all new in 2009. A solid year round business in Custer that has everything from LOCATION to REPUTATION, plus paved offstreet parking on highly visible corner lot. Located in the heart of the Black Hills and close to all that the Southern Hills has to offer. MLS #44057 Great New Price $699,000

dOWnTOWn CuSTeR 7.59 ACReS

yOuR dReAM HOMe

19+ ACReS!

Huge pRiCe ReduCTiOn!

Excellent offering of 5.16 acres of the Black Hills waiting for your dream home. Building site has already been prepared – trees cleared, land leveled, well drilled in Sept. 2015 that produces approx. 10 to 12 gpm. and driveway approach in place. Nature provide a great view, Ponderosa Pine and granite outcroppings. Silver Star is one of the first “Fire Wise” subdivisions in the Custer area. USFS within close proximity. MLS #49453 $103,000

$90,000 for 19-plus acres +WATER! Spectacular setting and RURAL WATER! Perfect location for a new home, cabin or RV. Improvements of electricity, phone, septic for RV, small metal storage shed and RV deck. The landscape offers many building sites, Ponderosa Pine, pasture, scenic red rock canyon with live water and a seasonal pond. The Mickelson Trail is to the east. Rural water to the property!! No covenants. MLS #10517 $90,000.

10326 Turkey Trail Road. Conveniently located between Newcastle, Wyoming, and Custer, South Dakota. Great buy on this 1876 sq.ft. home nestled on 18.24 acres. Spacious 30 X 40 metal building for all your toys! Nice balance of open meadow and scattered Ponderosa Pine. MLS #41842 $149,000

pRiCe ReduCed!

gReAT pRiCe–quAliTy HOMe!

TiMe TO Buy!

enJOy THe vieW!

Beautiful 3 bedroom, 3 bath home with lots of charm! BONUS 2 bedroom apartment. Very private lot with mature trees. Close to parks, Mickelson Trail, and downtown area. Very well maintained. Home ownership pride shows inside and out. MLS #49220 $189,900

Park your RV and start enjoying LIFE!! This 3 bdr, 2 bath home with attached 2-car garage is on almost a half acre. Home has many upgrades in appliances & Levolor window coverings. Unfinished basement is ready for your design and plumbed for a third bathroom. Oversized fenced back yard has several fenced raised garden beds and huge deck for family activities. MLS #47837 $129,500.

$92,500 for over 3000 sq.ft. of retail space off Highway 16 frontage, the main venue for all tourism traffic! Highly visible location makes this a great investment opportunity. Features are: Rock slate wall, tongue and groove vaulted ceiling, wood stove, all in the 2 level show room area, carpeting throughout entire building on both levels and room for storage! Will consider Contract for Deed. MLS #42995

Close to school and downtown, 2 bedroom, 1 bath home with one-car garage, large lot, good sized deck, storage shed, garden area. Great view of Needles. Would make a good starter home or rental opportunity! Watch the fireworks on July 4th from your deck. MLS #47871 $122,500

720 Lincoln Street. 1254 sq.ft. 2 bedroom home. Close to the hospital and downtown Custer. Large deck to enjoy the private backyard. Move-in ready, clean and well maintained. MLS #49081 $129,900

Custer. The property has more details to mention. It is a 3 bdrm, 3 bath, top-of-the-line appliances which stay, and also offers a 1200 sq.ft. garage/shop. Don’t let this one get away! MLS #49282 $359,000

The Home Journal, November 2015

evenings & Sun. by Appt.

605-673-2629

Ron Bradeen Owner/Broker

OFFiCe HOuRS M-F 8:00 - 5:00 SAT. 9:00 - 1:00

14 WeST MT. RuSHMORe Rd. CuSTeR, S.d.

The Home Journal, November 2015

REAL ESTATE | INDUSTRY TRENDS

Pocket Listings

ne of the biggest trends in real estate involves Realtors unveiling listings before they hit the market. This allows them to build buzz for properties and theoretically close quicker deals.

Pocket listings have been a part of the real estate trade for decades, allowing lucky buyers to get a heads-up on potential listings before they are announced to the masses. Instead of employing such word-of-mouth strategies, coming-soon listings actually publicize the pending listing of new properties. This allows for broader market reach and stirs the excitement for buyers looking for any edge they can get. From a seller’s perspective, coming-soon listings can help increase the amount of interest and offers from the buying pool. This can lead to expedited transactions and a more seamless selling experience.

HOW IT WORKS

The San Francisco Association of Realtors recently implemented a coming-soon status for its 4,000 members. Listing agents are able to enter listing details into digital software under the “new status” up to three weeks before the listing automatically becomes active. Agents also can add documents, virtual tours, marketing materials and showing details to the listing while it remains in coming-soon status. The results of such listings

have been promising for Realtors, buyers and sellers alike. An MLSListings study found that coming-soon listings in five Northern California counties increased from 15 percent in 2012 to 26 percent during the first quarter of 2013.

BECOME A MEMBER

If you want to be in the exclusive group of a real estate company, you may consider signing up with your brokerage’s membership

group. This can be as simple as providing your name and email address on the agency’s website. You will receive promotional emails, new deals and exclusive property announcements. If your local brokerage does

not offer coming-soon or pocket listings, odds are that they will in the near future. The industry evolves to meet the demands of its audience, and both buyers and sellers are beginning to reap the benefits of these strategies.

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HILLS & BA

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BOOK DETAILS: The Rapid City Journal is proud to have worked with area historical organizations and private collectors to create a beautiful coffee table book featuring historic images of the Black Hills and Badlands from the Gold Rush to the Great Depression. This heirloom-quality, hardcover book captures the early days of Deadwood, Spearfi sh, Rapid City, Custer, Hot Springs, Wall and EC LL T ES S • C O other communities throughout our area. We partnered with Deadwood History, Inc., the Fall River EL M TI • County Historical Society, the 1881 Custer County Courthouse Museum and other organizations on U N IQ U E al quality this community project. Order your commemorative book now at $39.95 (plus tax/shipping) while supplies last. Pick up your copy at the Rapid City Journal or order online today!

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Rapid City Journal 507 Main Street, Rapid City

Need room to grow?

Get a mortgage that’s a perfect fit. Darla Jones AVP Mortgage Originator Office 605-399-4211 Cell 605-209-8631

If your closets are overflowing, your kitchen seems cramped, and your bathroom is too small, you may be outgrowing your home. If you’re ready to shop for a new home that gives you room to grow, contact us for a mortgage that’s a perfect fit. • Construction Loans • First-time Home Buyers • Conventional Mortgages • Customized Loans • FHA, VA and Rural Development Loans Call today for a free mortgage consultation.

Janene Trammell-Polk AVP Mortgage Originator Office 605-399-4220 Cell 605-484-4295

Tuscany Square 311 Omaha St. • Rapid City • 605-399-2265 | Loans subject to application approval.

Apply online at www.bankwest-sd.com.

The Home Team Advantage

The Home Journal, November 2015

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The Home Journal, November 2015

REAL ESTATE | MOVING TIPS

Summer and Fall Moves

ummer and early fall are among the busiest seasons for moving. If you’re joining the relocation frenzy this year, there are certain steps you should take to make sure your move is stress free.

Maybe you’re moving to a better neighborhood or a bigger home. Staying in this positive mindset will keep you smiling as you’re packing boxes and moving furniture. Remember that every move is different, so build your own blueprint to make sure you’ve got all of your bases covered.

DIY OR HIRE A PRO? This is the first question you should ask yourself. Will you move yourself with the help of friends and family members, or will you enlist the help of a professional moving company? Factors to consider here include your budget, the amount of household items you’ll be moving and the time you have to move. If you choose to move yourself, be sure to reward helpers with lunch or dinner as a gesture of appreciation. Moving is likely not at the top of anyone’s list of favorite ways to spend a Saturday, but your gratefulness will make it worthwhile. Professional movers usually can move all of your belongings within a few hours. This is beneficial if you’re under a tight deadline to move or if you’re unable to secure a truck. Be sure to opt for any insurance protection the moving company offers. It may only cost a few more dollars and can give you peace of mind that your items will arrive at your new home safely.

STRATEGIC PACKING Even if you choose to hire a professional moving company, the burden of packing your belongings still falls on you. Start today. Even if your move isn’t for a couple of months, start devoting a few hours per week to boxing up possessions that you don’t normally use. Take the process one closet at a time and store the moving boxes out of your way. Also consider giving away boxes of items to friends, family members or charity organizations. One box will lead to another, and soon you’ll have your home packed and ready to move.

REAL ESTATE | FIRST-TIME HOMEBUYERS

o more landlords. No more rent. No more restrictions on what you can or can’t do to your living space. If these sound attractive to you, it may be time to own your first home.

Before you lock yourself into a 30-year mortgage, it is up to you to do due diligence to ensure you’ll be able to make your payments.

THE TIMING IS RIGHT

Except for home flippers and real estate developers, it really doesn’t make sense to purchase a home that you’ll only own for a few years. The high transaction costs of buying and selling a property means you could lose money on the deal, unless you secure an opportunity that is too good to pass up. Falling home prices make the case against buying even stronger. This is because prices are unlikely to skyrocket within the two- or three-year period you will own the home, meaning you’re unlikely to make a great profit.

THE FINANCES ARE RIGHT

On the financial side, one comparison to make is the cost of renting vs. owning. Remember to factor in the cost of the mortgage, property taxes and home insurance when building your comparison. A 2013 study by real estate organization Trulia found that it is 35 percent less expensive to buy a home than to rent one in America’s largest cities. This may not be the case in your region, so do some research and make an informed decision.

GET PRE-APPROVED

If you’re looking to buy a house, your first plan of action is to determine a budget. This will help you define how much you’re willing to spend on a new place. With this information in mind, you’re ready to make a visit to your bank to be pre-approved for a loan of that size or a little more. Obtaining a home mortgage is still relatively difficult today compared to the pre-recession years, so you may not be qualified to borrow as much money as you think. It is a good idea both financially and emotionally to visit your mortgage specialist before you go on any home tours. The last thing you want to happen is to fall in love with a home before realizing it’s not in your price range.

The Home Journal, November 2015

Ready to Own?

The Home Journal, November 2015

RENTAL GUIDE | BEING A GOOD RENTER

Respecting the Rules

positive relationship with your landlord can get you far in the rental world. A negative one can hamper your chances of ever renting again.

Most landlords require three to five references before they sign any kind of contract with you. This provides them a list of people who will either be your advocates or detractors. You may be required to provide the name of a past landlord, who will likely be honest about any late payments or damaged property in your rental past. That’s why it’s crucial to respect the rules and be a good tenant. Your rental future depends on it.

READ YOUR LEASE

Even if you think you have covered every base in meeting with your landlord, there may be key bits of information that you are missing. Knowing your legal obligations as a renter is an important aspect of renting. Reading your lease can help you understand which responsibilities fall on you, and which ones fall to your landlord. Leases define fees you could owe if you’re late on the rent or cause damage to the property. They also include important rules on topics such as monitoring noise, having roommates or smoking inside. Before you take the keys, read over your lease with a critical eye and mark up any sections that you don’t understand. It’s the responsibility of your landlord to clearly explain any confusing information.

COMMUNICATION

The cornerstone of any successful relationship, communication is key to strengthening the bond between you and your landlord. Here’s how you can make sure you stay in the good graces of your landlord: • If your landlord lives nearby, stop in with the rent instead of sending it through the mail • Check in periodically with your landlord to see if you can help them with anything • If something breaks in the rental, call your landlord immediately. They will appreciate your diligence in helping keep a simple fix from turning into an expensive repair. © FOTOLIA

The Home Journal, November 2015

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BHFCU MORTGAGE LENDING EXPERTS

Clayton Schwahn

Amber Zandstra

Norman Weddle

Christy Cline

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CALL US AT 343.0891