Slum lords make less money as investors

Slum lords leave money on the table. A well-cared for property is smart business for you as an investor: (1) Prime condition properties rent and sell for more, and they rent faster (reducing the dreaded turnover cost). (2) Tenants stay longer in well-cared for homes. The main concern every tenant has is: will you fix Read more about Slum lords make less money as investors[…]

The Sparrow Really Cares…Really.

Our three-part passion is (1) to care attentively for your home or property; (2) to enhance your home’s value and appreciation; (3) to maximize your annual investment income.

What You Should Know About Selling Your House with Pets

Pets & Your Home - blog (1)

We loves pets here at The Sparrow but we know having pets can be tricky if you want to protect the investment you’ve made, you’re looking to rent a pet-friendly house, or you’re trying to sell your home. We’ve collected our best advice we can give to sellers, home owners, or renters with pets to make a sale or move out run smoothly. These preventative measures can save time and hassle further down the road.

Keep It Clean!

First and foremost, the best thing you can do to improve your chances of selling a home is to keep it clean and free of pet odors. Some of these suggestions are also handy for renters who would like their deposit back, and home owners who want to keep their house ship-shape.

Carpets and Walls
– When cleaning the carpets, ask for or use a cleanser with Pet Enzyme.
– Try to clean up accidents as soon as they happen.
– Be sure to patch, or paint any scratches or chew marks on baseboards or walls.

Daily Maintenance (especially important if you’re selling and want to be show ready at all times)
– Sweep up hair, dirt and dust from the floor and baseboards.
– Remove pet waste from the yard.
– Wipe nose prints and paw marks from windows and sliding doors.

When a Showing is Scheduled
– Remove pet beds and food dishes.
– Consider leaving a pet with family or a kennel during the first few weeks of busy showings.
– Take the pet on a walk, or make sure they are in a crate and out of the way during a showing. […]

When the Floods Come, Will Your House Sink or Swim?

Flood Info - blogAccording to SunSentinel Florida properties make up 37 percent of flood insurance policies nationwide. Flood risk is a common concern among Central Florida home buyers and owners for a good reason, FEMA estimates that the average flood insurance policy costs about $700 per year. Policy rates in moderate-to-low risk areas are about half of the average.

So how important is flood insurance when purchasing a home?

For homes with the high-risk designation, there is a 25% chance during the course of a 30 year mortgage that the home will be flooded. High-risk homes with federally regulated or insured lender mortgages are legally required to purchase a flood insurance policy. It is highly recommended that moderate-to-low risk homes opt for flood insurance, although it is not legally required. Moderate-to-low areas claim a third of all U.S. disaster relief money every year.

What is the flood risk for a home in Central Florida?

The most likely risk scenario for a flood in Central Florida is a tropical storm or hurricane (or even a heavy rain). This is especially likely for storms that hang over the state for a few days. The ground cannot absorb the large amount of water and drainage becomes sluggish. The other scenario encountered in Central Florida is floods caused by new developments. As Metro Orlando grows, new homes and roads are built, meaning there is less ground for rain to accumulate. This type of flood might happen over a few hours.

Click here to see FEMA’s Flood Map of Central Florida. Once in the portal, select your area and click the view map on the left.

How can flood map changes affect rates?  […]