Investment Property Or Money Pit? Make The Right Choices

multi-family investment property

Planning to purchase your first investment property? Caution and patience can keep you from making big mistakes. Listen to the advice of your agent and consider all the possible factors that go into making a good investment decision to prevent you from experiencing the many potential pitfalls that can turn your investment into more of a money pit. 

Here is some advice to help you avoid some of the most common mistakes that first-time real estate investors make.

Congratulations to our May TOP PRODUCERS!

Top producing Chicago agents graphic

We're proud to recognize our TOP PRODUCERS for May 2019!

 

Top Listing Agents
 

  • Alex Donatelli
  • April Kibler
  • Dan Chiappetta
  • Doris Rivera
  • Hassan Dahik
  • Jack Tornabene
  • Jan Robertson
  • Jerzy Kozera
  • Jonie Montalbano
  • Valadez Team
  • Marc Anderson
  • Marti Janus
  • Michael McLenighan
  • Norma Perez
  • Pat Liput
  • Paulette Rebeck
  • Sheila Kula

*List is alphabetized by agent first name*

3 Real Estate Investment Strategies That May Be Right For You

buyers researching investments on laptop

Except for some special circumstances in certain locations, real estate historically has gone up in value over time.  Sometimes very quickly, sometimes slow but steady, and at times like a roller-coaster ride.  A look at the past 100 years shows that if you held onto real estate for at least 10 years, you probably made a good investment that yielded you a reasonable return.  That's certainly not the whole picture, and there are many factors that impact your return on investment, making investment decisions difficult at best.  

How To Evaluate The Potential Of A Rental Real Estate Investment

Chicago multi-family investment properties

A rental real estate investment can be a great way to build your personal wealth, and may be a good option for you, especially if you are uneasy about investing in the stock market, or just want to diversify your investment portfolio.

With a rental property, someone else pays your mortgage, and over time your equity grows. You can eventually own a physical piece of property outright that also produces income. 

Your Home Featured on TV

new coldwell banker chicagoland tv show

At Home in Chicagoland is a Coldwell Banker-exclusive television show featuring properties for sale throughout the entire Chicagoland area. 

A new era for how we advertise clients' homes to help provide even greater exposure.

Be sure to set your DVRs or tune in to The CW on May 19th at 11 am for the premier! 

Contact the McMullen office of Coldwell Banker Residential at 773-631-8300 to see how we can feature your home on TV!

6 Easy Changes to Make Your Rooms Look and Feel Larger

dining room with no curtains on beautiful window

Looking for ways to make your space look and feel larger?  

Here are six easy changes you can make.


1.  Hang curtains higher and wider than your windows.  The eye will be drawn up and over and the windows and the room itself will look larger.

2.  Strategically place a large mirror in the room.  Mirrors reflect light and create the illusion of more space.  They are also good for checking your look before heading out the door.

Remodeling? Think About What Buyers Will Want

family and friends gather in home for a party

Are you planning a remodeling project?  If so, and you plan to sell your home sometime within the next few years, you should take into consideration what younger home buyers are looking for when deciding how to spend your renovation budget.

Why?  Because buyers under 35 years of age make up more than 1/3 of home buying consumers, and it is predicted that this percentage will rise.

Here are the important things that younger buyers want in a home, and they will pay a fair price to get what they want.

Selling Your Home? Think SAFETY FIRST!

Open door with key in lock

Part of the necessary process of selling your home is allowing strangers into your home. Although your agent will take every precaution to verify the identity of persons entering your home, there are certainly reasons to be cautious.

If you are looking for a home, you are entering other people's homes where you also need to be thinking about safety.

Here is some valuable advice to protect yourself against the potential for crime:

Please join us in welcoming Dan Chiappetta to our CB TEAM!

welcome Dan Chiappetta

Dan Chiappetta became a Realtor in 2004 after a very successful career as a director in the Information Technology profession.  His professional business approach, along with his technology and business background, has proved to be very successful, not only for him, but more importantly for his clients. 

Dan joined Coldwell Banker Residential because a strong presence in the real estate market is important to him, as well as providing the best for his clients.