Multi-Family Fiesta!!!

Happy Thanksgiving,

I had a busy holiday week this week. I had a client that was looking for some investment property and what a great time to look! We found a dozen multi-family units in really great shape, new roofs, new furnaces, all for under $150K!!!

It is true that having a multi-family can be a lot of work, but the rewards can be great. Imagine having help paying for a six figure investment, play your cards right and it will pay for itself. It's important to get both professional legal and accounting advice before getting involved to see if it's a right fit.

Being a land lord also has it's trials. You are responsible for the reasonable comfort and safety of your tenets. If the heat isn't working on Christmas Eve, you have to respond. If there's another emergency and you're out of town, you need to have plan to respond. You carry a lot more liability which is part of the risk of investing.

If you feel that you're ready to take advantage of the low prices and jump on the opportunity to start being a landlord, make sure you give me a call and we'll get you started.

In the meantime, check out my new website, sign up for the MLS, and take a look for yourself at what is out there and I look forward to saying "Welcome Home".


Cailte Kelley Century 21 DeNault Realty

"The Path Home" From Century 21

Featured Property 11/8/09

Fitchburg, MA 01420
List Price: $346,000
Type: Single Family
Type of Single-Family: Detached
Style: Colonial
Status: Active
Acres: 1.23
Lot Size: 53,622
Basement: Yes
Rooms: 7
Bedrooms: 3
Full Baths: 2
Half Baths: 1
Master Bath: Yes
Fire Places: 1
Garage Parking: Attached, Garage Door Opener, Storage, Work Area, Side Entry
Garage Spaces: 0
Year Built: 1973
Year Round: Yes
Approx. GLA: 3,928
MLS#: 70922557

Description: Radiant Electric heat in ceilings, brick flooring, authentic Barn board in family room, fireplace converted to propane, cedar closet, bar and game room in basement. Flower gardens and Coi pond, large two car garage with seperate storage room and workshop. Seperate barn/garage. Security system and central vac. Great neighborhood, close to highway and all other city amenities.

Interior Basement: Yes
Description: Partial, Finished, Interior Access
Cooling: None
Heating: Radiant, Electric
Electrical: Circuit Breakers
Fire Places: 1
Hot Water: Electric, Tank
Lead Paint: None
UFFI: Unknown

Exterior
Acres: 1.23
Lot Size: 53,622
Lot Description: Paved Drive
Foundation: Poured Concrete, Slab
Foundation Size: 28x44/16x25
Garage Parking: Attached, Garage Door Opener, Storage, Work Area, Side Entry
Garage Spaces: 0
Parking Features: Off-Street
Parking Spaces: 10
Road Type: Public, Paved, Publicly Maint.
Color: Red
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Electric Range, for Electric Oven
Exterior: Shingles, Wood
Sewer/Water: City/Town Water, City/Town Sewer

Tax
Assessed Price: $364,500
Taxes: $4,629
Tax Year: 2009
Book/Page: 1908/246
Homeowner's Assoc.: No
Homeowners Assoc. Required: No
Warranty Available: No
Additional
Interior Features: Central Vacuum, Security System, Cable Available, Sauna/Steam/Hot Tub
Exterior Features: Enclosed Porch, Storage Shed
Appliances: Range, Wall Oven, Dishwasher, Disposal
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails

Rooms

Room Level Features Dimensions
Master Bedroom 2 14X28
Bedroom 2 2 12X14
Bedroom 3 2 10X12
Bathroom 1 1 Half Bath
Bathroom 2 2 Full Bath
Bathroom 3 2 Full Bath
Dining Room 1 12X16
Family Room 1 Fireplace 16X25
Kitchen 1 12X28
Laundry Room B
Living Room 1 14X28
Mud Room 1 8X18
Sun Room 16X28

For more information on this property or to find a home perfect for you, contact Cailte Kelley at Century 21 DeNault Realty.

CENTURY 21 DeNault Realty Inc
1079 Central St • Leominster, MA 01453
Direct: 978-537-2112 ext. 46 • Cell: 978-413-9930 • Fax: 978-466-8756

Congress Extends The Home Buyer Tax Credit

The President signed into Law yesterday a $24 billion economic stimulus bill that will enable first time home buyers to continue taking advantage of the First Time Home Buyer Tax Credit until the end of April 2010. Going a step further, the program was also expanded to allow a $6500 tax credit to current home owners looking to relocate, providing that they have occupied one dwelling for 5 years consecutively in the last 8 years.

As consumers, which we all are at one point or another, this is very exciting news. With prices very low, and huge inventory to pick from, this is a great time to upgrade. For those looking to relocate, you can take advantage of the $6500 tax credit to cushion the financial blow that sliding home values has faced these past few years. It's important to remember that it's all relative. If your property has fallen in value 20 percent over the last 3 years, and you're looking to jump into that new home in the next town that's a great deal, if you wait to recoup some of that 20 percent, so will that other property so keep that in mind when looking at real estate.

Recently I have run in to several friends within my vast sphere of influence that need to sell their homes and to make up for a drop in home value, have decided to sell themselves. I want to caution you as I feel it is my responsibility to do so. When you sell your own home, you leave yourself liable to a lot of things that you don't really think of. Too often people to recognize the true value of a Real Estate professional. They see a commission percentage and think that is all about sticking a sign out front.

Especially when there are a lot of properties on the market, such as right now, Real Estate professionals have the networks to find you a buyer. They have the resources to promote your property in various mediums whether it's on the web, print, radio, open houses, ect.

The best way to sum it up is like this. I was a roofer in college, I can put a roof on your house, But I'm still hiring a professional to do it because I want it done correctly, and I'm willing to compensate him accordingly.

So whether you are a first time home buyer, a recent retiree, looking to buy or sell, contact a professional in the field to protect your investment. The NRA states that For Sale By Owners typically net 20% less for their property than one listed by a real estate professional. 20% is a big price to pay to save 6%.

-Cailte Kelley

REALTOR

CENTURY 21 DeNault Realty Inc
1079 Central St • Leominster, MA 01453
Direct: 978-537-2112 ext. 46 • Cell: 978-413-9930 • Fax: 978-466-8756