John Colby
Colby Realty | 978-249-5871 | [email protected]


Posted by John Colby on 10/13/2019

There are so many reasons people invest in properties, either for tax deductibles or to earn more income. Even though there are a lot of investment opportunities, investing in real estate offers many benefits making it a popular choice for both old and young people.

  1. Certainty of Income. The income you receive from your properties is certain. You get regular rental payments from your tenants depending on the agreed duration. If the property is in a good location, that means more juice cause its value will appreciate and generate more income.
  2. Stability. According to numerous investors, the property market is very stable compared to other investment markets out there. A lot of investments may get depreciated due to bad news, poor management and a lot of other issues. Investment properties are bound by a long-term renters' contract that allows you to receive guaranteed income for a while.
  3. Escaping Tax. Another unique advantage of owning an investment property is tax incentives. You can save a lot on your taxes and get many benefits when you buy a home as an investment property.
  4. Securing Bank Loan. With an investment property in your name, obtaining a bank loan no longer becomes a hassle. You can use the existing equity in the property to either secure a loan or purchase another investment property without having to sweat.
  5. Attractive Portfolio. For most investors, investment properties beef up their portfolio or financial statement. It is like building a reputable profile in the world of business. With an attractive portfolio that entails numerous investments in properties, potential investors or angels wonít hesitate whenever a need to invest comes.
  6. Inflation. Inflation is a word that many dread to hear. However, you don't have to shiver if you own a rental property or investment. Investment works as a hedge to inflation, in the sense that you can increase rental fee without any hurdle. The value of the property also appreciates at this time, and if it is sold, you will make a ridiculous amount of money in return. 

The advantages of owning an investment property are countless, making it a route to financial freedom and fulfillment. Investing in properties isnít rocket science. Anyone can do just that provided there is adequate capital. Speak to a real estate agent today to discuss your options.





Posted by John Colby on 10/6/2019

Home renovations can increase the value of your home and make it better suited to your preferences. In 2018, the survey polled by LightStream Home Improvement showed that 58 percent of homeowners admit that they had the intention of spending money to improve their homes.

The survey also showed that 30 percent of those homeowners planned to pay for those renovation projects with credit cards. 

So, is this a good idea?

The truth is that it is almost a requirement for most home shoppers to take advantage of the convenience credit offers, especially those who cannot pay upfront.

However, even for those home buyers who have the cash at hand, there is a lot of flexibility with credit cards. Credit cards are usually protected against contractor fraud or botched projects, and there are many advantages offered by some credit card companies such as cash back and points. 

So, the increasing number of homeowners using credit cards to pay for the renovation of their property is not a surprise, and this trend will continue to increase in the future. Remember that you should not use a credit card unless you can pay the renovation off when the month comes to an end due to significant interest charges.

Funding your home renovation through credit card, is it wise?

The following three factors are essential when making this kind of decision:

- The amount of credit you have. 

- Your ability to carry a balance on your card.

- How quickly you will pay off the expense

If you already have debt and an issue with the interest rate you are paying, then this might be a responsibility you should not shoulder. If not, using a credit card for such a significant expense is an excellent way to receive credit card benefits.

What are the Advantages of Putting Home Renovations on a Credit Card?

The two most significant advantages of using a credit card are convenience and immediacy. Furthermore, if house values are increasing fast, it would be ideal to move quickly. However, this would rely on real estate market ups and downs as well as how long you plan to live in your home.

The Disadvantages?

One of the drawbacks is that if you don't make your credit card payments, you could be dealing with an interest rate of 21.99-26.99 percent or more, which will eventually negatively impact your credit score. 

Final Thought

Using a credit card can be beneficial if you have the money to quickly take care of the renovation and explore certain advantages such as rewards or doubled warranties.




Categories: Uncategorized  


Posted by John Colby on 9/29/2019

It is common to renovate a house when there is a need to make it more beautiful and more comfortable for those in it. It is essential to consider the home renovation plans as a project that needs a budget and proper planning.

A great way to handle a home renovation is to plan it like a project and divide it into sections and sub-plans. This way, it becomes easier to manage all the different parts both concerning resources and finances. If you are actively looking to renovate your home without getting yourself stressed, here are a few tips to consider so that your home renovation project turns out both beautifully and within budget.

  • Divide and conquer: The first thing a home renovation contractor or architect will ask for is the scope of the plan and the budget expected for the entire project. By knowing how far the project is going to go, it becomes easier to divide it into different phases. Each phase will then have objectives and timelines.
  • Make a budget: Since the funds available for the project are limited, it is important to know how much each stage should cost and then set the funds aside for it. Making a budget helps to get a good idea of what is achievable compared to what you desire.
  • Bathrooms are essential: Bathrooms are manageable to renovate as there are many quality, inexpensive parts that can bring a bath into the 21st century. Plan for a new toilet fixture, paint, cabinet paint, shower heads and some other materials to do a total makeover of your bathroom on a budget. The overall effect of the result will be worth more than the sum of the parts.
  • Kitchen and storage: Increasing storage space in the rooms and kitchen is usually one of the main aims of home renovation. Home renovation is a perfect opportunity to de-clutter the kitchen and improve on your cabinets. Speak to the home renovation contractor and plan on either building new kitchen cabinets or buying pre-fabricated ones from the hardware store. If the existing kitchen cabinets are sufficient for you, then a fresh coat of paint and a refresh of the locks, hinges, and handles should suffice to give it a new look.
  • Change the doors: The first thing people typically notice about a house is the door. A great way to get a beautiful result from a home renovation project is to make sure to replace the doors. If brand new doors are not in the plan, then repainting the existing ones in a color that blends better with the new house color is an excellent way to re-accentuate them and still give visitors that "new home" welcome.

The key to renovating a house beautifully without spending too much is to have a big-picture plan and take it step-by-step. Speak to a home renovation expert today for an estimate of likely renovation costs for your house.





Posted by John Colby on 9/22/2019

Painting your entire home can be an appealing idea if you've grown tired of its current color scheme. Paint colors can do much to change the look and feel of a room, but if you aren't ready for the long term process and commitment, there's a much easier alternative. Adding new pops of color can transform your space into a fresh new atmosphere. Here are five ways you can include new colors that will make your space pop!

  • Window treatments make a huge difference in adding additional texture and color to your home. If your walls are neutral, add bold color curtains to brighten up your room. You can also choose vibrant designs that include flowers or patterns. If your walls are already bright and bold, add white or neutral colored curtains to add contrast to your current look.
  • Decorative pillows are sure to refresh any bedroom without much effort. When choosing pillows for your bedroom, incorporate two or three colors that favor the existing look you have. Step out of your comfort-zone and choose pillows of unique shapes, sizes, and patterns that are sure to draw attention to your bed.
  • Updating your current wall art is a sure way to grab the attention of guests, so it's best to apply this update to your living room. There are endless options when it comes to making a statement with your walls. You can choose from a large piece that is sure to stand out or pick a variety of framed art to display. The options here are endless when it comes to wall decor.
  • A new centerpiece on your dining room table will surely be an eye catcher for your dinner guests. For this piece, gather items that can stand tall without taking up too much room on your table. Choose from a tall vase, clear glass containers with candles, or a long wooden box. Add greenery and bright colored flowers to any of these combinations to spruce up your dining space. You can ideally mix and match any of these items and incorporate them into a beautiful centerpiece.
  • Wallpaper comes in many different colors and patterns and can make a difference when it comes to decorating. You don't have to apply it to the entire room for it to work its magic. Apply wallpaper to the back side of shelves, the solid side of a dresser, or even the smooth surface of a door. It may sound like a scary commitment, but rest assured that wallpapers arenít all permanent. There are a variety of peel and stick options that come off easily if you decide to go a different direction. 

Adding an extra pop of color into your home can be simple without the long term commitment. Refresh your space with these simple upgrades and enjoy your new look with loved ones.




Categories: Uncategorized  


Posted by John Colby on 9/15/2019

Modern kitchen designs can make a huge difference when setting the value of your home. Even if you might not be planning to sell your home right away, your kitchen might deserve a timeless makeover so that itís always ready for the market. Before you get started on the changes, youíll need to come up with a plan. Some kitchen changes are easy, but others will take your cooking areas down for a while, so theyíll require more planning.

Choosing the Right Color

Look through any design magazine, and the first thing you'll notice is white. Due to its ability to reflect light, white can make small kitchens look more substantial, which is always a selling point. Don't think you're stuck with just one color either. There are dozens, if not hundreds of shades of white and you can mix them together to create a multi-dimensional look. It's also easy to match with your appliances since no matter what you're willing to spend, all appliances come in at least one shade of white.

Timeless Cabinets

No question, Shaker-style cabinets are the most timeless choice. From country cottages to modern lofts, the rail and stile look is a wide-ranging solution for any kitchen. Whether the doors are polished wood or painted, you can complete the style with your choice of knobs or handles. Available in a variety of qualities and finishes, you can get entirely new cabinets or just replace the doors on your existing ones to update the look at a lower cost. If you have custom cabinets with odd sizes, you'll either need to find a cabinet maker or if you're good at DIY projects you can try making them yourself.

Countertop Styles

Counters are the most used part of the kitchen. You probably already know to stay away from dated materials like Formica but watch out for current fad materials as well. For the longest lasting choices, go with marble, concrete or solid surface materials that mimic them. Butcher-block is also a timeless look, though it doesnít last quite as long and can require more care. The least expensive choices are usually concrete and butcher-block but keep an eye out for deals on fancier materials like quartz.

Before you start updating your kitchen for a better home value, ask your real estate agent for a professional kitchen evaluation. They can help you choose which updates make the most sense for both your layout and your budget.







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