The PropertyClub Blog
Is it Cheaper to Build Up or Out?
Whether it is cheaper to build up or out depends on various factors, including land costs, structural requirements, and local zoning regulations. Here's a detailed comparison of the costs and considerations involved in building up (adding additional stories) versus building out (expanding horizontally):
Mechanics Lien Overview
If you fail to pay a contractor or other service professional who does work on your home, they have the option of filing a legal claim against the property. This is known as a mechanic’s lien, and it will affect your rights as a property owner. Here’s an overview of the key aspects of mechanic’s liens.
What Does BOM Mean in Real Estate?
In real estate, "BOM" stands for "Back on Market," which means that a property that was previously under contract or pending sale has returned to the market and is now available for purchase again. Several reasons might cause a property to go BOM including a buyer getting cold feet, financing issues or contingencies.
Weeds In Florida Guide
If you’re like many residents of Florida, you enjoy having a lush green lawn and a beautiful garden. But, unfortunately, Florida is a hotbed of weeds. Check out our list of the most common weeds in Florida to know what to look out for in your yard.
J-51 Tax Abatement Guide
The J-51 tax abatement provides building owners that are upgrading and renovating their property with an exemption that freezes the assessed value of the building. An added benefit is it decreases property taxes for 20 years. Whether you're a developer or you're buying a property with a J-51 abatement, we'll go over everything you need to know about this tax incentive.
Cash On Cash ROI Guide
Determining the return on investment for a prospective property can be tricky, and there are numerous tools and formulas out there that many claim are the “single” perfect trick. Cash on cash return is often heralded as such. They’re a great way to estimate the return on investment for cash-based investments, certainly. But while they do have their uses, they also have limitations.
Accepting Backup Offers Guide
When a real estate listing indicates that the seller is "accepting backups," it means that the seller has already accepted an offer on the property but is open to receiving and considering additional backup offers. These backup offers are contingent on the original deal falling through.
Renting a Condo vs. Apartment
Renting a condo vs. an apartment involves different considerations related to ownership, management, amenities, and lifestyle preferences. Here's what you need to know, from how repairs and maintenance are dealt with to how you pay rent.
Land Survey Cost Guide
Land surveys have been used for centuries as a way to determine real estate ownership. They are also used to clarify what can be done on a property. If you need to get one done, you should be prepared to pay up, as a land survey can easily cost thousands of dollars. Here's a detailed breakdown of what you can expect when it comes to land survey costs:
Equity Accelerator Mortgage Program
An equity accelerator mortgage program, also known as a bi-weekly mortgage payment plan, is designed to help homeowners pay off their mortgages faster and build equity more quickly. Here’s how it works, the benefits, and considerations to keep in mind.
Studio vs. One Bedroom Differences
The main difference between a studio and a one-bedroom apartment is that a studio has only one room, while a one-bedroom apartment has two rooms. As one-bedrooms have separate living and dining areas, they are typically larger than studios and better suited for people who need more space.
How To Find Your Property Line
Property lines are boundary lines that help designate where property begins and ends. They’re instrumental in determining property rights and keeping everything under control with neighbors. If you know where the start and end of your area are, you can settle disputes with simple information.