Beyond the Rush: Rethinking Your Quick Pandemic Home Buy

Beyond the Rush: Rethinking Your Quick Pandemic Home Buy

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In a time marked by rapid changes and unforeseen challenges, many made life-altering decisions in the blink of an eye. Among these was the leap into homeownership during the pandemic, driven by various factors, from seeking personal space to capitalizing on market opportunities. This Eileen Kedersha guide delves into the heart of such decisions, offering insights and pathways for those pondering their choices and seeking to align their current realities with their aspirations.

Reflecting on Your Decision

When you decided to buy a home during the pandemic, it was likely influenced by unique circumstances that demanded immediate action. Now, with the benefit of hindsight, it’s crucial to revisit those motivations. Are the reasons that felt urgent then still relevant today? Understanding this can clarify whether your regret is based on temporary challenges or deeper misalignments with your long-term goals.

Unpacking Regrets

Acknowledging regret is a decisive step toward resolution. If you’re feeling the strain of your decision, it’s essential to pinpoint the exact sources. Whether it’s the financial commitment, the location, or the property causing dissatisfaction, identifying these elements is the first step toward making peace with your decision or preparing for a change.

Exploring Financial Flexibility Through Entrepreneurship

The shadow of financial pressure, particularly from daunting mortgage payments, can significantly diminish the happiness of owning a home. Embarking on the journey of starting your own business emerges as a promising avenue to alleviate such pressures, promising an enhancement in your income and a profound sense of personal achievement.

Opting to form an LLC offers a suite of benefits, including limited liability, potential tax incentives, and the agility to adapt to the changing demands of the business landscape, thus providing a solid foundation to mitigate financial challenges. Establishing an LLC in Florida through ZenBusiness further streamlines this process, equipping you with the necessary tools and guidance to seamlessly align your business vision with your financial goals.

Seeking Wisdom from Experts

Navigating the complexities of real estate and personal finance often requires expertise beyond our own. Consulting with professionals in these areas can shed light on options previously unconsidered, from refinancing to adjusting your investment strategy. This guidance can be instrumental in crafting a plan that aligns with your current needs and future goals.

Learning from Your Journey

Every decision, especially as significant as buying a home, carries lessons. Reflecting on what this experience has taught you about financial planning, real estate, and personal priorities can be enlightening. Beyond the immediate takeaways, this introspection fosters a deeper understanding of your resilience and adaptability in facing life’s uncertainties. These lessons are invaluable for future decision-making, helping refine your approach to opportunities and challenges.

Enhancing Your Current Situation

While it’s easy to dwell on what might have been, the focus should be on making the best of the present. This could mean personalizing your space to better suit your needs, exploring refinancing for more favorable terms, or simply finding new ways to appreciate your home. Such efforts can transform your living situation from a source of stress to a foundation of stability and joy.

Contemplating a Change of Scenery

For some, the most direct path to resolving homeownership regrets may involve selling their property. This decision should be taken seriously and requires thorough research into the market, financial implications, and personal readiness for change. Sometimes, starting anew can be the key to realigning your lifestyle with your values and aspirations.

In the whirlwind of the pandemic, many were propelled into decisions with far-reaching implications, homeownership being one of the most significant. If you question this choice, know it’s not just about the house—it’s about your life and how you choose to live it. There’s always a pathway forward, whether through adjustment, acceptance, or a bold new direction.

If you’re looking for a new home that has more space for your new office, or enjoy the Florida Lifestyle, contact The Kedersha Group. feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com. We will help you get started in your new real estate investment business! We have been active real estate investors for over 35 years.

South Florida Luxury Homes is here to help with all of your real estate needs. Let us know if you have any questions!

 

Making a Move and Starting a Business: Tips for Success

 

Making a Move and Starting a Business: Tips for Success

Starting a business and moving at the same time is no easy feat, but it can be done. It requires organization, planning, and a whole lot of hard work. However, if you keep the following tips from real estate agents Eileen and William Kedersha in mind, you’ll be able to successfully navigate both tasks.
Image: Pexels

Find a Home With an Office

Finding a new home with an office can be a game-change. Having a designated workspace can help you stay organized, focused, and efficient. Whether you prefer a separate room that’s dedicated solely to work, or a sleek office nook that seamlessly blends into your living space, there are plenty of options available to fit your needs.

When you’re ready to start your search for your dream home, contact Eileen and William Kedersha!

Continue reading “Making a Move and Starting a Business: Tips for Success”

Growing Your Green Thumb and Monetizing a Small Farm

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Growing Your Green Thumb and Monetizing a Small Farm

Aurhor: Emma Croft emma.croft@getgardening.info 

Starting a small farm can provide you with financial security and satisfaction. If you’re looking to monetize your small farm, there are some important steps that need to be taken to ensure success. The Kedersha Group has compiled a list of tips and tricks on how to get started and monetize your small farm.

Write a Plan for Your LLC

Before diving into the process of starting a small farm, it’s essential to create a well-thought-out business plan. This plan should detail the goals, financial plans, resources, strategies, and any other relevant information related to your farm. Having a clear business plan will help guide you throughout the entire process of launching your small farm.

You will also need to choose your business structure. The most common type for small businesses is the limited liability company, or LLC. This designation is easy to set up and comes with tax advantages along with personal asset protection. You will need to complete five steps to set up an LLC in Florida, which you can do on your own or through a formation service.

Determining Which Crops or Goods Are In-Demand

Next, do research on what crops or goods are in-demand in your area. This can help you determine what products would be most successful for you to grow or produce. Consider factors like local climate and soil conditions when deciding which products would be best for your particular situation.

Creating a Budget

It’s essential to create an accurate budget that reflects the cost of starting up and running a successful operation. Factor in costs like land, materials needed for production, labor, marketing, legal fees, etc., so that you can accurately determine how much capital you need to start up and operate the business long-term. You should also set up a contingency reserve so that you have the funds to cover any unexpected expenses.

Creating Marketing Materials

It’s important to develop marketing materials that will promote your business’s brand and attract customers who are interested in purchasing your goods or services. Using PDF tools is an easy way to create professional-looking flyers, brochures, posters, and more that will showcase the uniqueness of your farm while also highlighting all of its offerings and selling points.

Taking Advantage of Government Grants and Tax Credits

The government offers various grants and tax credits specifically designed for agricultural businesses. These could potentially reduce costs associated with starting up or operating your own farming business significantly. It’s definitely worth researching further into this option before making any big decisions regarding start-up finances. Additionally, there are many other forms of funding available online through crowdfunding sites like Kickstarter or Patreon if traditional financing isn’t within reach right away.

Determining the Best Pricing Strategy

Deciding on how much to charge customers for goods produced by your own farming business is no easy decision. However, there are three pricing strategies used most often by farmers today: cost plus pricing (adding fixed percentage markup on product cost), competitive pricing (charging price similar to competitors), or value-based pricing (charging price based on the perceived value the customer places onto the product).

 

Ultimately, it’s up to you to decide which strategy works best for your farm, but considering all three options before setting prices might help lead you closer to finding the perfect pricing solution tailored specifically to your needs.

Try Your Hand at a Hobby Farm

Starting a small farm can be an exciting yet somewhat frightening experience if you don’t have an idea where to begin. The trick is to take it slow and steady. By creating a well-thought-out business plan and determining which crops are in-demand, creating a budget, protecting yourself with an LLC, taking advantage of government grants and tax credits, and then finally settling on the best pricing strategy tailored specifically to your needs, you will truly be ready to take your first steps towards realizing your dream of owning and monetizing your very own small farm.

If you’re looking for the right property to begin your small farm or enjoy the Florida Lifestyle, contact The Kedersha Group. feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com. We will help you to find the perfect location to start your new business!

Using Property Investment as an Additional Income Stream

 

Ready to purchase an investment property in Florida? Trust Eileen Kedersha for the highest level of real estate service and expertise. Call 954-462-3600!

Article Written by: Brittany Fisher

Using Property Investment as an Additional Income Stream

The rental market has been on the rise for some time now and will only keep growing in the future. The current supply of houses isn’t enough to keep up with the increased demand of people who are looking to buy homes. This imbalance has caused a rise in home prices, which has made it difficult for people to purchase a home. This has led many homeowners to decide on renting out their homes instead of selling them.

If you’re not ready to sell your house, renting it out is a great way of making some extra cash. Besides the steady income stream, there are tax benefits for owners who lease out their properties.

Purchasing Rental Property

Or, if you’re looking to purchase a rental property, this is an excellent time for that, too, since increases in property values and rental prices will easily keep you with a nice steady income for as long as you own the property.

The following are a few things you should consider when looking to buy rental property:

  1. Location: The location of the property will significantly impact your rental income.
  2. Price: You should be aware that the higher the price, the more you can charge in rent.
  3. Rental rates: It is important to know what people in your area are paying for rent so that you can charge a competitive rate. Be aware of the effect specific neighborhoods and suburbs have on rental rates, too, so that you charge a competitive price.
  4. Occupancy rates: Zeevou explains that the occupancy rate will determine how much money you can make from your properties.
  5. Investment terms: You should know how long your investment will take to pay off and what percentage return on investment you are looking for.

Getting the Property Ready

It is probably not necessary to spend a lot of money on renovating your own home to prepare it for renters since you’ve likely been maintaining it all along, but there are some things you can do to make it more appealing for potential tenants.

  • Clean the carpets and flooring.
  • Polish all hard surfaces, including kitchen and bathroom countertops.
  • Repair any broken windows or doors.
  • Paint the walls and trim if necessary, using muted neutral shades.
  • Make sure the landscaping is as low maintenance as possible.
  • Curb appeal is important, so make yours stand out with some new light fixtures and flowers.

If you’ve purchased a home to use as a rental property, you’ll have to make sure everything is in proper working order, like structure, appliances, HVAC, wiring, and the roof are all in good order. Hiring a property inspector before you purchase is the best way to ensure you’re not going to be underwater making costly repairs.

If you don’t plan on living near your rental property or don’t have the time necessary for all the work involved, Rentec Direct points out that you will want to hire a property manager. They can help you maximize your profit by screening tenants, handling maintenance issues, and collecting rent payments on time. They can also help you find qualified renters by advertising your properties to the right people and negotiating leases with them on your behalf.

Tech Tools Make Marketing Easy

Marketing your property can be done easily using social media. Millions of people turn to marketplace sites like Facebook when searching for property. Posting your property on Instagram can boost awareness and showcase your rental.

You can share videos of your property to post on social media or on your website to give potential tenants an inside look at the property. Also, an infographic offers valuable information that quickly catches the eye of potential tenants and then expands on it in a fraction of the time it would take if the same message was written out instead. Building your own infographic to share on social media is easy when you modify ready-made templates by adding your own fonts, icons, and images.

Get Started Today

Property is always a great investment though it does require some work, so make sure you’re prepared before making the leap. But, as millions of other property investors will tell you, it can be one of the best financial decisions you’ll make.

If you are interested in an investment property in Florida, feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com.

 

 

 

 

How to Select That Bigger Home Your Growing Business So Desperately Requires

 

Seize Your Moment

If your home-based business has grown at an exponential rate, then you might be wondering how to expand your current home so that you can cater to the needs of your current business. More often than not, you probably won’t be able to do the necessary adjustments in terms of space and cost, so it may just be better to look for bigger premises instead. Here’s a guide on how to settle on your next bigger and better home quicker.

How to Select That Bigger Home Your Growing Business So Desperately Requires

If your home-based business has grown at an exponential rate, then you might be wondering how to expand your current home so that you can cater to the needs of your current business. More often than not, you probably won’t be able to do the necessary adjustments in terms of space and cost, so it may just be better to look for bigger premises instead. Here’s a guide on how to settle on your next bigger and better home quicker.

Image via Pexels

Find out the profit you’ll make on your current home

Of course, a big component of being able to afford a bigger property is how much profit you’ll be able to get from your existing property. Furthermore, this could determine how much of a down payment you’ll be able to put down on the property of your dreams, and in turn, affect what your mortgage repayments will be. Moreover, the more money you are able to save the better, especially if you plan to reinvest it into the further growth of your business.

Find your new home

Once you have a reasonable estimate of your budget for your new home, it’s time to begin your home search. It’s wise to assess local market conditions before searching for a home. You want to understand factors beyond home price such as local schools and climate to make the best choice possible.

Ready to move to Boca Raton or Palm Beach? Trust ONE Sotheby’s International Realty broker Eileen Kedersha to help you find the perfect home!

Establish a moving budget

Here the emphasis is on moving because there will be a lot of variables to consider and plan for from when the moving process starts to the little steps in between to get your home office move-in ready and then continuing on as your business grows from strength to strength. From a moving budget perspective, you’ll need to take into account moving expenses, decor expenses, hiring someone to help set up your home office for you as well as the cost of disruption associated with moving your current business over to your new property.

Up your business acumen

As you work through your move, you may decide that you want to improve your business savvy. As you are looking at the options available you may decide that pursuing a business degree is worth your while. Fortunately, that’s easier than ever for a business owner with the aid of flexible scheduling online. You can work toward a degree in accounting, management, or marketing when it’s amenable to your schedule, even as you continue to operate your business.

Establish your business in a new state

 

Assuming you are moving across state lines with your business, you’ll need to ensure you comply with all requirements for operating a business in your new state. Fortunately, it’s easy to start an LLC with the help of a formation service. They can walk you through all the major steps to getting set up, including all the filing requirements. Best of all, they can even file all the paperwork for you, making the process affordable, simple, and straightforward.

Insure your home and business

 

Be sure that you’ve planned your insurance coverage appropriately for your new home. It’s important to investigate different plans and coverage offerings to ensure that both your home and business are adequately insured. You can compare various home insurance offerings if you’re looking for options. Read up on each policy’s details to find out what is and isn’t covered.

Making your upsized upscaled dream office a reality

 

As far as your dream office goes, you’ll need to ensure that it meets your minimum requirements, especially if you are going to be doing the bulk of your business there. Besides having the right equipment and office furniture in there, you’ll also want to ensure it’s inspiring at the very least.

Therefore, don’t hesitate to incorporate a bit of personality into the room if you don’t want your typical standard office look by staying away from the more traditional corporate color scheme. Also, make sure the home office is big enough for all that’s required of it as well as what’s to come, such as for example a larger space to store inventory to be able to fulfill expected demand or a separate space that serves as an archive of sorts to store excess paperwork and important documents, etc. You’ll also want to ensure your new office space has enough electrical outlets, is compatible with Wi-Fi, has ample natural light coming through, etc.

Perhaps you’ve always envied the look of customized wallpaper and think it would make a great addition to your new office. If this is the case, you could find custom wallpaper easily online. For example, the peel-and-stick option is excellent if you want the option of moving it around if the first try at positioning it doesn’t work out the first time.

In summary, upsizing your home to cater to your growing business is super exciting as essentially you’ll be getting a bigger home as a result of your booming business — which is a definite win-win any day!

Working with experienced real estate agent Eileen Kedersha saves time finding the perfect property and earns you a better sales price on your current home.

Explore the home listings offered by Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, Let’s Connect: 954-462-3600 | https://www.sfloridaluxuryhomes.com/ |  EKedersha@OneSothebysRealty.com.

Tips for a Successful Home Makeover

Tips for a Successful Home Makeover

From time to time, every home could use a little sprucing up. Whether it’s a fresh coat of paint or a brand-new kitchen, home renovations can brighten up any living space. But before you start tearing down walls or picking out tile, there are a few things to keep in mind.

Article Written by: Brittany Fisher

Image via Pexels 

Types of Home Renovations

 

There are many different types of home renovations, from small projects like painting the kitchen to large projects like adding an addition. The type of renovation you choose will depend on your needs and budget. Some common types of home renovations include:

  • Kitchen renovations: Kitchen renovations can range from painting the walls to gutting the entire space and starting from scratch. If you’re planning a kitchen renovation, be sure to talk to a contractor about your options and get an estimate of the costs.
  • Bathroom renovations: Like kitchen renovations, bathroom renovations can be as simple as painting the walls or as extensive as replacing tile or installing a new shower. When planning a bathroom renovation, be sure to consider your needs and budget.
  • Flooring: Flooring is one of the most important aspects of any home, so it’s important to choose materials that are durable and easy to clean. Again, get a cost estimate from contractors to get a feel for the budget and timeline.

Continue reading “Tips for a Successful Home Makeover”

Prepare for a Career Relocation With This Pre-Move List of Essentials

Prepare for a Career Relocation With This Pre-Move List of Essentials

Image: Unsplash

Making your first major move is an intimidating prospect, but many people before you with fewer resources have made it work. Don’t fear that you won’t be able to complete the task successfully. Apply these suggestions and avoid common pitfalls while relocating for work.

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How to Move to a Different State

How to Move to a Different State

Image via Pexels | Article written by Brittany Fisher: Financiallywell.info

How to Move to a Different State

Many moves in the United States are individuals or families moving to a different state. These moves are more complex than moves within the same city or state. Fortunately, a little planning goes a long way toward making the process easier. Here, we outline the basic steps for moving to a different state.

Find a Home

Although the basic buying process is the same whether you are moving across the street or across the country, there are unique difficulties when searching for a home in another state. If you are not familiar with the area, you won’t know about the noise level, amenities, or schools in any neighborhood. Make sure to research the neighborhood thoroughly and visit if possible.

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A Tough Choice: Renting or Selling Your Newly Remodeled House

Renting or Selling, Which is Better

  • A Tough Choice

    The decision to sell or rent your newly remodeled Fort Lauderdale fixer-upper is a tough choice indeed, but you can make the right one by carefully considering all your options. If you decide to list the house, connect with Eileen to get started.

A Tough Choice: Renting or Selling Your Newly Remodeled House 

Photos via Pixels; Article by Ed Carter: ed.carter@ablefutures.org

You’ve just spent hours, days, weeks, and maybe even months remodeling a fixer-upper in Fort Lauderdale, FL, and you’re pleased with the results. But now you face a tough choice: Should you sell this house or should you rent it out? Here, there are several factors to consider.

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Unemployment: Hope on the Horizon

Unemployment: Hope on the Horizon

Unemployment: Hope on the Horizon | MyKCM

Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.

Last month’s report indicated we initially lost over 700,000 jobs in this country, and the unemployment rate quickly rose to 4.4%. With the release of the new data, that number will climb even higher. Experts forecast this report will show somewhere between a 15% – 20% national unemployment rate, and some anticipate that number to be even greater (see graph below):Unemployment: Hope on the Horizon | MyKCM

What’s happened over the last several weeks? 

Here’s a breakdown of this spring’s weekly unemployment filings:Unemployment: Hope on the Horizon | MyKCMThe good news shown here indicates the number of additional unemployment claims has decreased week over week since the beginning of April. Carlos Rodriguez, CEO of Automatic Data Processing (ADP) says based on what he’s seeing:

“It’s possible that companies are already anticipating some kind of normalization, opening in certain states and starting to post jobs.” 

He goes on to say that this doesn’t mean all companies are hiring, but it could mean they are at the point where they’re not cutting jobs anymore. Let’s hope this trend continues.

What will the future bring?

Most experts predict that while unemployment is high right now, it won’t be that way for long. The length of unemployment during this crisis is projected to be significantly shorter than the duration seen in the Great Recession and the Great Depression.Unemployment: Hope on the Horizon | MyKCMWhile forecasts may be high, the numbers are trending down and the length of time isn’t expected to last forever.

Bottom Line

Don’t let the headlines rattle you. There’s hope coming as we start to safely reopen businesses throughout the country. Unemployment affects our families, our businesses, and our country. Our job is to rally around those impacted and do our part to support them through this time.