March 20th officially marks the start of spring!! The urge to clean house when the days turn balmy springs as much from the soul as the dirt and clutter. Spring cleaning is cathartic. It frees you up from those jobs you’ve left undone that have been hanging over your head for months. After a long, dark … More Spring Cleaning 101
Real Estate Term of the Day: Equity EQUITY – the value that the owner has in real estate over and above the liens or ENCUMBRANCES against it (Barron’s Dictionary of Real Estate Terms) 4 easy ways to increase the equity in your home: Maintain your home. It is very important that you keep up on the … More Real Estate Term of the Day: Equity
Real Estate Term of the Day: Depreciation & Obsolescence DEPRECIATION – an decrease in the value of property due to obsolescence (Barron’s Dictionary of Real Estate Terms) OBSOLESCENCE – a loss in value due to reduced desirability and usefulness of a structure because its design and construction have become obsolete; loss due to a structure … More Real Estate Term of the Day: Depreciation & Obsolescence
Real Estate Term of the Day: Deferred Maintenance DEFERRED MAINTENANCE – a type of physical depreciation owning to lack of normal upkeep (Barron’s Dictionary of Real Estate Terms) Common examples of deferred maintenance can be: broken windows/doors missing roof shingles/severely damaged roof peeling paint broken gutters wood deck maintenance neglecting broken a/c, finance, hot water … More Real Estate Term of the Day: Deferred Maintenance
LESLIE MONACO REAL ESTATE 