Homes of Distinction Realty



Posted by Homes of Distinction Realty on 5/24/2019

This Single-Family in Northbridge, MA recently sold for $389,900. This Contemporary style home was sold by - Homes of Distinction Realty.


43 Quaker St, Northbridge, MA 01534

Single-Family

$389,000
Price
$389,900
Sale Price

6
Rooms
2
Beds
2
Baths
Showings start Sunday, 3/24 12:00-2:00 on this beautifully updated, immaculate condition contemporary on 3 acres located on a designated scenic road. Amazing open floor plan with bamboo flooring throughout (except baths). Kitchen has updated cabinets and stainless appliances. Dining area has sliders that lead to enclosed porch that could be converted into additional living area. Living room has floor to ceiling fieldstone fireplace with a Harman pellet stove. Both bedrooms have walk in closets. Master bath. Spiral staircase leads to loft area and could be used as a 3rd bedroom if walls were closed. It has a walk in closet and rough plumbing for a bath. First floor laundry. 1 car garage under. All new in 2012 - 3 bedroom septic system, roof, gutters, front door, bamboo flooring, well pump, well tank, ph balancer/water filter, driveway and pellet stove. Kitchen and baths updated in 2012 as well. New siding and deck flooring in 2016. Replacement windows. Recent heating system. Cool house!

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Categories: Sold Homes  


Posted by Homes of Distinction Realty on 5/23/2019

If you are mulling over purchasing a vacation home, then you must go over a few considerations before you make the final decision. If done for the right reasons, it can end up being a great piece of investment, as you can save hotel and lodging costs when you visit and then rent it out during off seasons.

  1. Location. Location is essential because you can't just up and move at will, so consider the area of the property you are contemplating purchasing thoroughly. Will the site accessible and attractive to future guests? Is it located in a place that is prone to natural disasters like hurricanes and storms?
  2. Calculate the associated costs. Many other costs come along with purchasing a piece of property such as utilities, maintenance, homeowner association costs, property taxes, and insurance fees. You want to factor all this and determine that they are well within your budget. If you plan on using rental income to cover some of these costs, then you have to be practical about what rental income typically is in that area.
  3. Maintenance Issues. If you are buying that vacation property as an investment, then you have to make arrangements for who is going to manage it in your absence. Things like security and surveillance are critical. The speed at which you repair a bad pipe or faulty wiring may be the final defense between your house going up in flames or flooding. If you aren't around for long periods, plan to hire a facility manager who can supervise affairs.
  4. Finances. Run a money check with your financial adviser. Get someone to look at other tax issues such as buying out of state property. You might find that property taxes on that new place may not be deductible. Are you going to be able to meet up with your other long term financial commitments?
  5. Local laws. It's always necessary to run checks on local laws and regulations about homes in the place you choose. Make sure you hire a local property professional too as they are likely to be more thorough. Are you going to be allowed to rent it out, and are there regulations on the number of days it can be rented out?

Whatever you do, make sure you cover all your bases and consult with our realtor before you sign the final contract.




Categories: Uncategorized  


Posted by Homes of Distinction Realty on 5/17/2019

This Condo in Foxboro, MA recently sold for $522,000. This Townhouse style home was sold by - Homes of Distinction Realty.


51 Chestnut Street, Foxboro, MA 02035

Condo

$529,900
Price
$522,000
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
NEW CONSTRUCTION TOWNHOUSE: Just one unit left! The unit listed here is by far the highest quality and one of the best prices per square foot of all the new construction in Foxboro. This high quality builder pays attention to detail and throws in the intangible items that are unique. For example, Enter into a spacious foyer with 9 foot ceilings throughout the first floor. Beautiful solid oak floors throughout the first floor. The open and spacious kitchen has granite counters and stainless steel appliances and a large pantry of the kitchen. The living area has a spectacular gas fireplace and the open floor plan is great for entertaining. Large master bedroom with a walk-in closet and private bathroom. Two other large bedrooms and the laundry room are also located on the second floor. The home is located within walking distance of restaurants and shopping. In the late fall and winter you’ll have a picturesque water view.

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Tags: Real estate   foxboro   Condo   02035  
Categories: Sold Homes  


Posted by Homes of Distinction Realty on 5/16/2019

For a buyer who is interested in learning more about a residence, it may be beneficial to set up a house showing. In fact, there are many reasons why now may be a good time to schedule a home showing, such as:

1. You can determine if a home is right for you.

Many houses are available in cities and towns nationwide, and as such, differentiating a good home from a great one sometimes can be difficult. Fortunately, a home showing offers a worry-free opportunity to get an up-close look at a residence. And after a showing is complete, you can decide whether a house matches your expectations.

During a home showing, a seller's agent can respond to any of your house concerns and questions. This agent also can provide details about why a seller has listed his or her residence, as well as other information about a home that you may be unable to obtain elsewhere.

Of course, if you are satisfied with a home following a showing, you can submit an offer to purchase this residence. Or, if you find that a home fails to meet your expectations, you can continue your pursuit of your dream house.

2. You can compare and contrast similar houses.

A home showing provides a valuable learning opportunity, as it enables you to compare and contrast houses against one another. If you set up multiple home showings, you may be able to review a wide range of residences in a short period of time.

You can set up as many home showings as you want, too. Therefore, if you find you still have questions about a house after a showing, there is no need to stress. Simply schedule a follow-up showing, and you can take a second look at a residence at your convenience.

3. You can make an informed homebuying decision.

As a homebuyer, it is important to gain as much information about a house as possible. And if you believe a home may be your dream residence, there is no harm in setting up a showing. That way, you can view a residence in-person and make an informed decision about whether to proceed with an offer to purchase.

Pursuing a home may be challenging, regardless of whether you are interested in buying a home for the first time or have purchased residences in the past. If you collaborate with a real estate agent, you can receive comprehensive support as you search for your ideal house.

A real estate agent can help you schedule home showings and weigh the pros and cons of different residences. Plus, if you find a home you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.

Want to accelerate your quest to acquire your ideal home? Schedule a showing today – you'll be glad you did. Because if you allocate time and resources to view a residence in-person, you may discover your dream home.




Categories: Uncategorized  


Posted by Homes of Distinction Realty on 5/9/2019

Okay, so you’ve been watching all those home shows and think you want to invest in a second property, but that whole flipping business seems like more trouble than you want to handle. First, you have to budget correctly for the remodel, then it absolutely has to sell, and quickly, otherwise, it stops being a good investment. There is an alternative: keep it as a second property and lease it out for additional income. 

Depending on what kind of rental you want to own, you will want to look at different properties and price ranges. Your real estate agent can help you choose what’s best in your neighborhood.

Standard or Long-Term Rental

For best results, you want your rental home to land smack in the middle of the neighborhood's price bracket. That means calculating your mortgage, taxes and all other included expenses and making sure you can make an income while keeping the rent reasonable. Middle-of-the-road rental prices will get you the best tenants. They will fit into the neighborhood and are more likely to be comfortable there, which means you can probably keep them longer. Each time you turn over the property between tenants, you not only lose the income for that time but incur the extra costs of preparing the property for the new renter. The longer you keep individual tenants, the more profit you make.

Vacation or Short-Term Rentals

Vacation rentals differ from standard rental properties in several ways, but the most common differences are (a) the nightly rate, (b) how often you have tenants, and (c) the range of turnover requirements and costs. Vacation rentals—growing in popularity for a while now—might be your chance to cash in on the craze. Guests prefer them because they can usually get more space for a lower cost than a hotel, fit more people together in a single area and prep their own meals. This makes them particularly popular with families and groups with children.

You'll need to keep your vacation rental furnished and cleaned which increases the costs initially, but if you can keep guests scheduled regularly, the profit margin can be substantial. You can vary your rates depending on the length of stay, catering to stays a short few days or up to three to four months and anything in between. Make sure to check with your local municipality for regulations on short-term rentals in your area.

Don't forget that you can use it yourselves as well, just be careful not to leave too many personal effects there, it can break the ambiance for your guests.

New Property, New Job

The most significant difference between keeping your investment property and flipping it is that you get a second job: Landlord. This is not a position for everyone. First, if you've ever been a renter, you know how difficult it can be if your landlord is in a different city or even a different state. If your property is out of town, investigate getting a property manager. If your property is local, you may want to handle it yourself, but if it takes too much time or causes more stress than it alleviates, you may wish to hire a property manager as well. A good manager will handle interviewing and advising renters, running credit approvals, collecting payments, some landscaping and maintenance, and turning over the home between tenants. Make sure you include this cost when you calculate your necessary rental expenses.

So, ready to invest? Your real estate professional should be your first call! Put their local knowledge to use in finding the best properties for rental investments.