By Barbara Lehrer
Real Talk
Barbara Lehrer
Have you heard about the two new apartment complexes in town?
With a variety of styles and restrictions, these units are elegant. We are excited to finally have more options available to live in. There are many homeowners who wish they had something new, something fresh, where they would be able to downsize their living quarters and still remain in this familiar and special community. Clients are constantly showing interest in selling their homes, but remain reluctant because the options for moving are limited.
Today the buyer pool is bigger than ever, and a property owner can rest assured that their home will fly off the market if it is priced right and maintained well. Let the young families renovate, appreciate our school system and enjoy this area as we have done. Have your realtor give you a marketing price on your home and then preview some of these units.
Seeing the new modern units, with elevators, you can then picture what it would be like to live there. I bet a majority of the tenants will be from town. Your space will probably be smaller if you rent, but maybe you are living out of four rooms already. You may have really been waiting for this opportunity.
We have four condominium developments in Orange, but this is another investment. The prices are in a range to check out, as all are very different. You can go to a condo, or you can put your profit in the bank, let someone else do the work and rent.
Firelite Commons should have its certificate of occupancy by the time of this publication and is taking applications. Lascana on Smith Farm Road has wage restrictions, which can also be a great bet when all utilities are included.
These developments came at a perfect time when the prices of home sales are quite high. It is the retirement community that these are probably best addressed to.
I say this as I am also at the stage where taking care of property becomes more complicated. There is a lot of work to be done to keep a large home on an acre of land in shape. From raking leaves to changing roofs, the endless expense and energy of being a homeowner is over when you sign a lease.
Many a client has shared with me their excitement of travel or just not being a slave to their house anymore. Just think about it. We are entering the busy spring market, so do some investigating.
If you need more information on these issues, email Barbara.Lehrer@cbmoves.com.