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Real Estate Tips
Investment Real Estate >Planning for Repairs

If you are the owner of an investment property, you are responsible when something breaks down in the building. So when the tenants call with an emergency, you will need to have a list of local repair companies you can contact, and money in the bank to pay for their services.

One of the best ways to protect your property investment is to purchase a home warranty that covers your home against unexpected system breakdowns that can be costly, particularly if the heating or plumbing systems need repair. The yearly cost of a good home warranty is probably less than the cost of replacing a broken water heater. If your property is older, a home warranty will provide you with greater security and peace of mind.

Another way to plan for investment property repairs is by building up a monthly surplus account, where part of your positive cash flow can sit in preparation for the day some major repair is needed. Having a "rainy day" fund will relieve you of financial stress when something has to be fixed.

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Real Estate Trivia
Q 
Nearly every state has a mandate for seller disclosure. What must a seller disclose?

A 
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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June Seebohm, REALTOR®, real estate agent and broker for Hilton Head Island and Bluffton, South Carolina home listings, property and land for sale - NUMBER1EXPERT

June Seebohm
Keller Williams Realty, Hilton Head Island, SC

8 Lafayette Place
Hilton Head Island, SC. 29926
843-290-2929
843-682-8111
877-877-1957
Fax: 843-681-6579
Email: June@AlwaysJune.com

June offers you a degree of personalized service rarely found among Realtors. Through a unique combination of devotion, compassion and good, old-fashioned hard work June has established an excellent reputation among, not only her clients but her peers as well. June is originally from Northern Ireland and has moved many times in the UK and US so she understand very well the kind of stress involved in residential sales and purchase. It's often an intense time of transition for all involved. Also her personal knowledge of building new homes and renovating homes is invaluable. Her high-tech office and staff allow immediate response to phone calls, emails and faxes. She is always "on the other end" of her cell phone. Please call her any time.

CRS MLS Equal Housing GRI REALTOR


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