Category Archives: Investment Property

Privacy and a View!

3 bedrooms, 2 bath ranch home on 12.30 acres (deed states 19 acres). Wonderful private location in Cavendish with long circular driveway, 2 fireplaces, one in the large basement that can be finished and one car attached garage.  This would make a wonderful primary or 2nd home.  Close to skiing.

Offered for $250,000

MLS# 4148854

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Only 3 miles from Woodstock Vermont!

Wow! 10+ acres of raw land right on Route 4 in Hartland. Only 3 miles from Woodstock! There is over 1200 ft. of road frontage directly on route 4. Over 1 million cars can pass a year. Possible views from top of land. This would make an incredable investment! Electric at Road.  There is a partial driveway plumbed in.  Only $349,900.00

Invest between Okemo and Killington


LOCATION! LOCATION! LOCATION!


Overview
Maps
Photos
Features

$229,900
Multi Family
Main Features
4 Bedrooms
4 Bathrooms
Interior: 2067 sqft
Lot: 0.50 acre(s)
Location
4738 Route 100A
Plymouth, VT 05056
USA

Irene Gaffigan

Irene Gaffigan

Bean Group
(802) 353-1983
irene@isellvermontrealestate.com
http://isellvermontrealestate.com

Listed by: IRene Gaffigan

Nearby properties for sale

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Cost-saving Tips for Insuring Your South Central Vermont Home

As every South Central Vermont homeowner knows, property insurance is a necessity. The cost of adequate insurance may seem daunting initially, but there are certain steps you can take to reduce your costs to a reasonable level.

1. Shop around for the best value. Check online for quotes from at least three reputable agencies. Be aware that some companies offer a discount of 30% to 40% if you buy online. Other possible discounts can result from insuring both the home and the contents or by insuring your home and your car with the same firm.

Also know the replacement value of your home, taking into consideration any unique features that will be expensive to replace. Keep in mind probable inflation increases at renewal time. Does your insurer automatically adjust your coverage or do you have to request the change?

2. Make periodic updates to your South Central Vermont home or property. Ways to reduce insurance costs include the following:

A) replacing the existing heating system to one which is safer and more cost-efficient.

B) keep plumbing in good working order and protect it from freezing

C) replace fuses. Inspectors are looking for circuit breakers and a safe wiring system

D) install fire detectors or even a central alarm system. Be sure to keep a record of all repairs/replacements and inform your insurance company of each one.

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Be an Informed Investor When Buying South Central Vermont Real Estate

Because it offers year-round recreation, investing in South Central Vermont real estate can be quite profitable and safe. Such a transaction can also be challenging, especially for first-time investors, and requires prior planning, a time commitment, realistic goals, and careful consideration of the following factors.

1. Selecting a property. First decide on a location and the type of property you are interested in.  You will want to consider proximity to good schools, public services, shopping centers, highways, recreation, etc.

Another decision will deal with the type of property you want to own–a single family residence, a multi-family unit, or a vacation rental home. Discuss with you realtor and tax advisor the pros and cons of each to decide which will be most advantageous for you.

2. Examining your finances. In addition to a monthly mortgage payment, investment property expenses can also include taxes, property management fees, utilities, insurance for fire and floods, repair and maintenance costs, condo fees, and periods of vacancy. Be prepared to have cash on hand for a 20% to 30% down payment (or investigate other options). A helpful tool to assist you in calculating costs and probable financial outcomes is www.GoodMortgage.com.

Also keep in mind that long term (5 to 10 years) ownership is usually best for the average investment. The shorter the length of time you hold the property, the greater the risk.

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Things To Consider When Investing In Okemo Mountain or Killington Real Estate To Rent

If you are thinking of buying Okemo Mountain or Killington real estate and making it a rental property, there are a number of things to consider when choosing the property: 

for rent1. Location

If you will be renting to a year ‘round tenant, look for a property convenient to major employers, schools, shopping facilities, transportation. If the property will be a vacation property, you will want to be near major tourist attractions such as the Okemo Mountain Ski Resort or Killington. 

2. Price

If you hope the rental income will be more than the cost of the monthly mortgage, insurance and taxes on the home, you should be careful to invest no more per month than the local rental market can bear. If your goal for rental income is to “break even” or even to have a negative cash flow, price becomes somewhat less important. 

3. Resale

Consider the long-term resale value of the property. If you buy in a fast growing area, the resale value will be greater further down the road. If you buy is a slow growth area, your resale value will be less, but there may be a better rental market. When buying Okemo Mountain or Killington real estate, you want to consider how long the tourist season is. Okemo and Killington both Have year round activities to attract vacation renters. Skiing and other snow activities in the winter; golf, swimming and other outdoor sports in the spring and summer; and fall foliage  for ‘leaf-peepers.’ 

4. Neighboring homes

Are the neighboring homes well-maintained? If not, they will drive down your property values. 

5. Solid construction

Look for solid construction. Tenants tend to put more wear and tear on a home than owners. Find a low-maintenance property suitable for renters. For example, white carpeting will have a much shorter life than something more neutral. 

6. Do it yourself

If you live nearby, it can be relatively simple to stay in touch with tenants, and to keep an eye on your investment. If you lack the time, or your property is some distance away, you may wish to work with a property management firm.

Learn more about Okemo Mountain or Killington real estate by visiting ISellVermontRealEstate.com.

Just Listed in Ludlow Vermont

70-main-street-010

Wonderful renovated Office building on Main Street Ludlow.  Was Doctors office, now just waiting for your ideas.  First floor has reception area, plus 4 offices, upstairs 1 cute and comfy office.  This property was updated 7 years ago and has many uses – plenty of off street parking – walk outside and see Okemo Mountain.  This was once a single family home and is zoned res/comm.  Don’t miss this opportunity!  Just think about it – work and play at Okemo!

Ludlow VT Real Estate: Is Owning Rental Property Right For You

Ludlow VT Real Estate: Is Owning Rental Property Right For You 

Investing in Ludlow VT real estate and owning rental property sounds glamorous, but it isn’t for everyone.

Be sure you know what you’re getting into and understand what you are getting into before signing on the dotted line. Here are some questions you should ask yourself before purchasing an investment property:

•   Where will the down payment come from for this property?

•   Do you have cash reserves so you handle periods of vacancy, i.e. no income?

•   How about reserves for unexpected repairs and other expenses?

•   Do you need property to rent immediately or do you have time and money for a “fixer-upper”?

•   Will you make needed renovations and repairs or hire someone else for the job?

•   What type of property do you want: single family, apartment, duplex, condominium, or vacation property?

Thinking it through ahead of time assures that you won’t get caught making a rash decision you will regret later.

If you decide now is the time to take advantage of lower market prices and invest in Ludlow VT real estate and rental property, visit ISellVermontRealEstate.com.

Search all Ludlow VT real estate and homes for sale.

Okemo Mountain Real Estate: Is Renting Your Vacation Home For You?

One of the biggest decision Ludlow and Okemo Mountain second-home buyers must decide is whether or not to rent their property when they are not using it. According to the U.S. Census Bureau, one-half of all second-home owners leave their home unoccupied for more than 330 days a year. The question becomes, will your vacation home be a financial burden or a financial cow with the rental income is can generate, thus paying for itself

Renting does have its pros and cons. Some owners don’t like the idea of ‘strangers’ in their home. Others don’t want the hassle of being a landlord, especially a long distance landlord. And then there is the decision to give up the prime vacation season for rental income. The flip side is renting your vacation home provides a stream of easy money.

EscapeHomes.com offers advice and tips when considering a Ludlow and Okemo Mountain vacation home purchase and deciding whether renting out that home is right for you:

Before You Buy
If you already know you will rent your vacation home, consider these questions as you look at properties:

Is there a rental market in the area?
What is the average rent that your neighbors receive?
If you are looking in a development, are there any by-laws which restrict your rental capabilities?
Is this a seasonal area or year-round location?

The answers to these questions will help you select a more lucrative property for your vacation home.

Rental Seasons
How do you decide when to rent your property and when to use it yourself? Since you are buying primarily for your own fun and enjoyment, you shouldn’t sacrifice this. If the home is in a one-season area, for example, summers at the Maine coast, then giving up that time of year for rental income defeats the purpose of having the home. In this case, you might look for a long-term (9-month) renter for the off-season, among the local population, while you use it in the summer. On the other hand, if you buy a winter ski condo or chalet, it is still highly rentable in the summer time for the mountaineering types. If you buy a property for weekend use, perhaps there are local people who need a Monday-Friday escape option. In short, if you balance your own needs with the market demands, you get both fun and money.

Practical Considerations
For successful renting, first find out the going rental market rate. Second, determine if you want to market it yourself, or use a rental agent. Self-marketing takes time, but often generates more qualified renters as you are not competing with all the other properties of an agent. Third, be sure to arrange for a property manager. This is different from a rental agency. The manager will take 10 to 20 percent of the rent, and free you up from cleaning, being on call for maintenance (especially important if you live far away), and dealing with the daily needs of the renters.

Make it Personal
By far, the most important factor in success is your personal investment in the process. This means your personal contact with your renters. From a simple welcome note and local maps to a thank-you note and on-going contact, your relationship creates a repeat flow of guests who not only love your second home as much as you do but also pay for the privilege of using it. What could be better?

If you are considering buying a Ludlow or Okemo Mountain vacation home, give us a call, 800-659-1819 #103. We are glad to provide you with the information you need to make a good buying and renting decision.

Think you want to rent out your Ludlow or Okemo vacation home, but don’t want to handle the day-to-day details yourself, we can recommend a reputable Property Manager.

Search all Ludlow and Okemo Mountain vacation homes for sale.

Vermont Investment Property

Chester, Vermont Seven Unit Apartment House The house is approx 120 years old, the two back apartments were added about 20 years ago they are 3 bedrooms each with their own furnace and hot water heater tenants pay their own heat and hot water. The main roof of the house is slate The roofs over the porches are asphalt. The foundation is stone – there are 2 basements, one for the front apartments with the main furnace and water heater and one for the back 2 apartments with their own water heaters and furnaces. Each basement has an outside entrance bilko doors. The outside of the house is Clapboard. The outside of the front potion of the house was painted during the renovations. The front of the house has mostly original windows, some storm windows. The house is heated with oil throughout. There is no gas. All the stoves are electric and all the tenants pay their own electricity. There is town water and sewer. The house is on approx 1.5 acres of property with parking for 12+ cars along the side and in the back, it is on a main street (rte 103), across from Chester Town Hall; an ideal location, walking distance to store. Good Numbers! Call or e-mail for more info. Owner/broker
MLS #2801839