There’s More Than One Kind of Renovation

I’ve always imagined buying an old old house that needed a complete gut renovation and diving in headfirst. I’ve never really considered any other kind of project. It would be an old house that hadn’t been updated or kept up for decades, and I would overhaul the whole space. That’s a pretty big project to undertake, even for an architect. And it’s a huge project to undertake as your first go round renovating a space on your own. That is most certainly still a dream of mine, and it will happen, but I think that dream is a little further…

Real Estate ~ The Weirdest Investment

I don’t really think real estate is a weird investment, not in a bad way anyway. But I do think it’s unique and unusual in the way that it’s our largest investment, and it’s really the only one that we can actually touch, feel, be inside, experience, and grow emotionally attached to. I mean, I guess you can be emotionally attached to your stock portfolio, but definitely not in the same way that people get attached to their house. People’s homes are their safety, their shelter, their haven from the outside world. It’s only natural that we have an emotional connection…

Buying a Condo? Ten things you should know.

If you are a first time buyer and are considering buying a condo {if you are in Chicago that’s probably you!} congrats! Buying your first place is exciting {and sometimes stressful and terrifying}, it’s a big deal for sure. As a condo owner specifically, there are some important things to be aware of. I came across an article from the Chicago Tribune and thought it was a great resource, especially for first time buyers. Here are the top 10 facts you should know when buying a Condominium: Assessments Each condo unit owner pays monthly assessments to the association. These assessments…

The Curse of the Cancelled Deal

Having a deal fall apart is kind of like the real estate version of the Scarlet letter. It’s a black mark that is most often perceived by other potential buyers {and agents} as a warning sign of something being wrong with the building or space that came up during the inspection. Back. Away. Slowly. But does a cancelled deal always mean that something is wrong with the building? In today’s market low inventory and high demand, it’s not always fair {or accurate} to assume that a cancelled deal means a big red flag. Yes, it very well might, but there…

How to be Successful as a Buyer

More contracts were written on properties this January than in the past nine Januaries. We’re still a few months away from spring, {or maybe not since it was 70 degrees in Chicago this weekend!} and it’s already very busy… I don’t know for sure, but right now it feels like there are even fewer places on the market than last year, or maybe there are just more early year buyers… either way, it means it’s even more competitive for buyers. That’s great for property values which continue to climb, but it can be really discouraging for people who want to buy a property and…