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3386 Lexington Road, Montgomery, AL  36106

MLS# 566736

5 Bedrooms | 2 Baths | 3,134 Square Feet | Cloverdale/Idlewild

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Great investment opportunity in historic Cloverdale/Idlewild! This charming duplex was originally a lovely 3-bedroom 1 bath home with all the character you expect in the Cloverdale area, and over the years, the attic space was expanded and converted, making the property a spacious, functioning duplex. First floor boasts living room, dining room, and huge eat-in kitchen with tons of counter and cabinet space. This unit also has a laundry room, 3 bedrooms, 1 bath, and a huge screened-in rear porch that runs the width of the property. Upstairs unit boasts a HUGE living room, kitchen with breakfast nook, two spacious bedrooms, 1 bath, and a laundry/utility room plus walk-in floored attic storage space. With $1,800 income per month, this is a no-brainer! Both units are currently rented.

Marketed by Montgomery AL Realtor, Billy Young, Sandra Nickel Hat Team

 

4105 Ford Circle: Cozy Southlake Meadows home with Great Potential!

by The Hat Team

4105 Ford Circle, Tuskegee, AL 36083

MLS# 566675

3 Bedrooms | 2 Baths | 1,325 Square Feet | Tuskegee/Southlake Meadows

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Welcome to 4105 Ford Circle, located in the peaceful Southlake Meadows Subdivision! This property offers great potential for those looking for a home with some TLC. Whether you're seeking a cozy residence or an income-generating rental, this home presents an excellent opportunity. Situated just a few miles from Tuskegee University, it’s a prime spot for student housing. With some updates and care, this home could easily become a comfortable living space. Don't miss the chance to unlock the full potential of this property!

Marketed by Montgomery AL Realtor, Alison Bertschy, Sandra Nickel Hat Team!

 

2044 Ridge Ave: Best Buy in Old Cloverdale!

by The Hat Team

2044 Ridge Avenue, Montgomery, AL 36106

MLS# 566362

3 Bedrooms | 1 Bath | 1,646 Square Feet | Cloverdale

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Best buy in Old Cloverdale! If you have always wanted to live IN the OC, but thought it was too pricey, here is your opportunity. This 1925 cottage is pretty much original and needs some TLC and cosmetics, but oozes charm and potential. Sitting on a picturesque nearly half-acre lot dotted with mature shade trees, there is plenty of yard space for recreation (or expansion!) Detached wired workshop is a handyman's or hobbyist's dream. Walking distance to all the dining and entertainment offered in the 2 adjacent districts!

Marketed by Montgomery AL Realtor, Billy Young, Sandra Nickel Hat Team

3345 Ridgefield Dr: Ridgefield Diamond in the Rough!

by The Hat Team

3345 Ridgefield Drive, Montgomery, AL 36106

MLS# 566293

3 Bedrooms | 2 Baths | 2,100 Square Feet | Ridgefield

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This Ridgefield "diamond in the rough" oozes potential! With great bones, she just needs some lipstick and rouge (fresh paint and new flooring, maybe some refreshing in the kitchen and baths) to be a money-making flip house, awesome addition to your rental portfolio, or a fun project for an enterprising homeowner who wants to build some sweat equity. Situated on a quiet street, this home is convenient to schools, shopping, and dining. The large living room and separate dining room are great spaces, and the house boasts a large bonus room (formerly a 2-car garage converted) in the rear for entertaining. Covered front porch wide enough for rockers, and rear patio is nice for outdoor cooking, dining, and living. Large, detached aluminum storage out back is wired, and has been used as a workshop.

Marketed by Montgomery AL Realtor, Billy Young, Sandra Nickel Hat Team

Unexpected Things That Will Increase the Value of Your Home

by The Hat Team


Owning a home is likely the largest financial investment many will make, so whether you are buying or selling a home, it is important to think about resale value. With a little research, you will find that there are some things that will get you a great return on investment and there are others that will not.

When selling your home, you may want to make some improvements that will make it more appealing to buyers, ensuring a more profitable sale. But it is when you are searching for a home to buy that you can consider options that will give you desirable resale value in the future.

Here are 5 unexpected things that may raise your home’s value:

  1. LOTS OF TREES

While a brand-new house in a recently established community has its perks, what it often lacks is proximity to mature trees. Large, well-rooted trees found in older neighborhoods, not only make for a lovely landscape, but they also provide shade. They add beauty and they save energy, while also increasing your home value.

  1. GOOD SCHOOL SYSTEM

It may not seem so unexpected that a home in a good school district would have increased value. But sometimes people without children do not think about this. Even if you never intend to have children, you should keep in mind that many buyers will be highly motivated to purchase a home based on the quality of the area’s school system. For the purpose of resale value, it would be smart to invest in a home in an area with desirable schools.

  1. SHOPPING NEARBY

People like convenience, so if a house is near a shopping area with a supermarket, it will likely increase its value. This is especially true if it is close to higher-end stores like Trader Joe’s or Whole Foods. Per Zillow, homes near these grocery stores may appreciate in value up to 40% more quickly than other homes.

  1. OUTDOOR RECREATION AREAS

Living close to a park, walking trails, or other recreation areas can increase your home’s value. Things like dog parks, tennis courts, golf courses, and playgrounds are appealing to people who enjoy staying active. They will be willing to spend a little more to live close to areas where they can enjoy outdoor activities.

  1. SEPARATE LIVING SPACE

Whether you have a mother-in-law suite, an apartment, or a carriage house, having a separate living space will add to the value of your home. Unlike the other items listed here, this is something you can add to a home after moving in. But while looking for a home, you may want to keep an eye out for one that already has one. Not only will it boost resale value, but it will give you the opportunity to earn rental income (depending upon the laws in your area) while living in the house.

When buying a home, it is important to find a place that feels right for you, but unless you plan to stay there forever, it will benefit you to think about resale value as well!

If you are in the market to buy or sell a home (or both), let me, Sandra Nickel, and my Hat Team of Professionals assist you with all your real estate needs! Call us today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information!

Important Things to Look for When Purchasing a Home

by The Hat Team


House hunting can be overwhelming sometimes, especially when beginning the search for your first home. Chances are you might get caught up in the process and important details might slip by you. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to consider before you make an offer. This list of things to look for can help get your search off to the right start.

LOCATION

They say that the 3 most important things to look for when buying a home are location, location, location. While a home might not be perfect, loving your neighborhood and neighbors can make all the difference in living with imperfection. And face it…you can change almost anything about your house, but you can’t change its location or the people living nearby. When you go house hunting, make sure to consider the home’s proximity to your work, the appeal of the neighborhood, where in the neighborhood the home is situated, ease of access, noise from neighbors, traffic, pets and access to parks, shopping, schools and public transportation.

HOME PLACEMENT

Beyond location, look at how the home is situated.  If the home is on a hill, does it have a view, a walkout basement, or lots of stairs to climb? Do neighbors' windows look directly into the home? Is the yard suitable for kids, pets, gardening, or other uses? Is there safe access to the home? These are all important questions to ask yourself when determining if it is the right property for you.

CHECK OUT THE NEIGHBORHOOD

While it’s important for your house to meet your expectations, it’s equally important that the neighborhood meets them too. Take a drive around the development you are interested in on weekdays and weekends, during the day and in the evening.  Are the homes in good repair? Are yards kept clean and tidy?  Is the neighborhood safe enough for people to walk, run or bike?  Are there children playing outdoors?


CONSIDER A HOME’S CURB APPEAL

You want a home that is going to reflect your lifestyle. Do you live a casual, laid-back life? Then you probably won’t want a formal Victorian or Tudor style home.  A simple, contemporary home might better suit you.  Pay close attention to exterior features.  Think about maintenance.  For example, a brick home is easier to maintain than one with siding.  Do you like working in the yard?  If not, you might not want a house with extensive landscaping.  Is the roof in good condition?  Attention to detail will help you choose the home with the best curb appeal for you.

SIZE AND FLOOR PLAN

You may be thinking about buying your dream home. But is your dream home practical?  Do you need 4 bedrooms and 4 baths when you live alone? A spacious home may provide the extra room you've always wanted for a home office or a theater room, but you'll pay higher heating bills and have higher taxes. Additionally, it will take more furniture to furnish and money to decorate. Think about how the new home space will be used and whether it will fit your lifestyle now and in the future.

BEDROOMS AND BATHROOMS

Decide how many bedrooms and bathrooms you will need and only look at homes that meet those criteria.  You don’t want to fall in love with what is otherwise a perfect house if it doesn’t provide the space needed for your family.  It’s smart to consider counting an extra bedroom in that number so that you have extra space for a home office or guest room. If you think you might add on to the home later, make sure you consult an architect who can advise you on space planning and regulations.

THE KITCHEN

For many people, the kitchen is the heart of the home. Don’t settle for a home with a kitchen that doesn’t work for you.  Yes, you can remodel it later, but at great expense.  If it’s an easy fix like replacing cabinets or countertops, get a price quote before committing to the house so that you will know if it is within your budget to take that on.

CLOSETS AND STORAGE

Older homes often have small closets and lack storage space.  As you’re looking at a home ask yourself where you will store your belongings.  Tiny closets don’t have to be a deal breaker.  There are ways to maximize storage without renovations. Newer homes tend to have lots of storage, and you may sacrifice living space while having more closet space than you need.


WINDOWS AND LIGHTING

While looking at a home keep in mind your preferences regarding light and privacy. Do you want a lot of windows to provide bright, sunny rooms?  Pay attention to the locations of electrical outlets and fixtures to make sure they meet your lighting needs.       

FINISHING TOUCHES

Even a simple home can look spectacular with the right moldings, hardware, and a fireplace.  If elements like these are important to you, look for them while house hunting. 

You may not find everything you want in one house but keep this list handy and you are more likely to find the home that best suits your needs and desires.  Happy House Hunting!

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out https://homesforsaleinmontgomeryalabama.com for more information.

Debt: The Good and The Bad

by The Hat Team

You may think that the only good debt is NO debt, and that is understandable. But the truth is that if you want to purchase big-ticket items like, for example, a house, you will most likely have to borrow money to do so.  A loan to purchase a home is justifiable; essential even and provides value while taking on debt. However, there are other forms of debt that can bog you down and make it challenging to manage your money.


Let’s look at what the differences are between good debt and bad debt.

What is Good Debt?

You’ve probably heard it said that “it takes money to make money”.  This is the rationale we take in determining what good debt is. If debt assists you in generating income or building wealth, it can be considered good debt. This debt adds value to your future and benefits you in some way. Here are some examples of things that can be considered good debt:

  • Education: Higher education and trade schools may offer greater earning potential. Investing in a college degree or a technical trade may pay for itself within a few years of graduation. However, keep in mind that not all degrees offer the same value, so you should do your research to have an idea of how much you can potentially earn and how long it may take you to pay off your student loans.
     
  • Owning Real Estate or a Home: Owning a home can generate income either by renting it out or via resale value. There are also tax breaks that benefit homeowners that are not available to renters.
     
  • Owning a Business: While starting a business may require a substantial investment, that investment is still considered good debt. There are risks involved, but with hard work, being your own boss can be financially beneficial.
     
  • Transportation: Depending upon where you live and work, transportation may be essential. This means possibly investing in a reliable vehicle to get you to and from work. Having a vehicle can open up opportunities for jobs that might not be available to you if you cannot provide your own transportation. But it is vital that you purchase a vehicle within your budget so that your monthly car payment is within your means.


What is Bad Debt?

If you borrow money to purchase things that depreciate, this is considered bad debt. In other words, items that either will not increase in value or bring meaningful value to your life are not worth going into debt for.

Here are some examples of bad debt:

  • Clothing and Consumables: Clothes may be a necessity but are often not worth what you pay for them. Food and furniture are also essential but going out to eat every day or purchasing new furniture frequently are not good ways to live within your means. If you must use credit to eat out or if you can’t pay off a credit purchase within a short period of time, you may build up a lot of debt which can hurt you financially.
  • Credit Cards: Credit cards can help you build credit, but they can be dangerous if they are not used properly. If you can’t pay your credit card bill in full monthly, interest and fees will add up quickly, putting you further into debt. In fact, you may end up paying more in interest and fees than you did for the original purchase. It is in your best interest to save credit card use for necessary large purchases or for emergencies.
  • Transportation: As seen above in the good debt category, having a reliable vehicle may not only be necessary, but can also provide value. However, having a second vehicle or vehicular “toy” of some kind (think boats, four-wheelers) may do a number on your budget. You need to be sure that you can afford another payment before adding something else to your monthly bills. And remember that “needs” should always come before “wants” when determining your budget.

Focus on Good Debt

If you manage your good debt and have a clear understanding of what construes bad debt you are less likely to get in long term financial trouble.  But remember…even if you don’t have bad debt, it is still beneficial to pay off good debt as quickly as possible!  Doing so will help you if /when you are applying for a mortgage or other loans in the future.

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out https://homesforsaleinmontgomeryalabama.com for more information!

310 Tecumseh Ct: Arrowhead Patio Home with an Open Floor Plan!

by The Hat Team

310 Tecumseh Court, Montgomery, AL 36117

MLS# 565170

3 Bedrooms | 2 Baths | 1 Half Bath | 1,614 Square Feet | Arrowhead

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Looking for a deal in Arrowhead? Look no further!  Original 3 bedroom, 2.5 bath patio home looking for a new owner to give it some TLC and a spruce up. Great open floor plan, just needs a little updating. Established neighborhood, convenient location. Check it out as soon as you can!

Marketed by Montgomery AL Realtor, Lauren Keen, Sandra Nickel Hat Team!

754 Forestdale Dr: Great Starter Home in Forest Hills!

by The Hat Team

754 Forestdale Drive, Montgomery, AL 36109

MLS# 563910

3 Bedrooms | 2 Baths | 1,556 Square Feet | Forest Hills

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Great starter home in Forest Hills, OR a good addition for your Investment Portfolio. Living/Dining combo, large eat in kitchen and den with tile flooring. Good closets and separate laundry room and nice flat back yard. Check it out today!

Marketed by Montgomery AL Realtor, Lauren Keen, Sandra Nickel Hat Team

Maintaining Your “Vintage” Home

by The Hat Team

There are some beautiful older homes in Montgomery and if you are lucky enough to own one, you want to keep it in the best shape possible. It’s important to take steps to maintain the old-world charm of a historic home. 

Here are steps you can take to keep your aging, vintage home properly protected and preserved:

  • KEEP UP WITH REGULAR MAINTENANCE

Routine maintenance, like cleaning and painting (especially the exterior) is vital to minimizing issues that might mean costly repairs. It’s a good idea to develop a maintenance schedule and follow it as best you can.

 

  • LIMIT CHANGES

When repairs must be made, try to keep original details intact. For example, if some trim needs to be replaced due to rot or infestation, only replace the parts that are damaged. This will save wood and money and help preserve the historic fabric of the house. If you do have to replace something completely, take photos prior to removing anything so that it can be duplicated to retain the character of the home.

  • KEEP HISTORIC WINDOWS

If you have early twentieth century (or earlier) windows, you are going to want to keep them. They were made to be repaired, not replaced.It is possible to make old windows more energy efficient.

 

  • TAKE SPECIAL CARE WITH MASONRY

While brick and masonry are long-lasting components, they will need maintenance and eventually, repairs. Educate yourself about proper ways to care for and repair them.

 

  • EMBRACE THE QUIRKS

You don’t have to “fix” everything. You can repair and stabilize structural damage while keeping elements that show how your home has aged over the generations.

  • KEEP HISTORIC INTERIOR FEATURES

While you will surely want to update some aspects of your home, try to hang on to the charming features that make it unique. Things like transoms, paneled doors, moldings and such are features that make your home special.

 

  • KEEP PLASTER WALLS

Plaster is a remarkable material that is superior to modern day drywall. In recent years, preservation contractors have discovered the benefits of preserving plaster walls. Damaged plaster walls can be repaired, and if necessary, only replace the damaged portions.

 

  • CHERISH THOSE OLD HARDWOOD FLOORS

Retaining the old floors in a historic house requires special care. Be careful not to over-sand them, destroying the antique character in the process. Old floors were hand-planed, and hand-sanding is the best way to maintain their character.

The most important step you can take to maintain your vintage home is to educate yourself. Lots of information can be found online and there are “Old House Specialists” that can help you!

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out  https://www.homesforsaleinmontgomeryalabama.com for more information!

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