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Staging to sell: Tips and tricks

Tidying

Tidying

Selling your home is all about putting your best foot forward. Even the most beautiful homes need some amount of staging to attract buyers. Below are just some tips that can help you seal the deal:

Raise your curb appeal

First impressions matter, especially when it comes to selling your house. That’s why sprucing up your lawn should be high in your staging to-do list. Power washing your walkways, planting flowers, and replanting turf are just some of the things you can do.

Prioritize your staging

With limited time and money for staging, sellers need to focus on rooms that are most important to buyers, such as the kitchen, the master bedroom, bathrooms, and the living room. Worry about upgrading that den or guest room only if you have wiggle room in your budget.

Create ambiance with lighting

Good lighting instantly makes a room warm and welcoming so consider upgrading your home’s lighting system as well. Make sure your house is well lit—100 watts per 50 square feet is a good rule of thumb. Rooms should also have three kinds of lighting: ambient (overhead lighting), task (under-cabinet lights), and accent (table lamps).

Deep clean and depersonalize

A spic-and-span house tells buyers that a home was well maintained, and thus less likely to harbor problems. Also, depersonalize your home by storing away personal knick-knacks like family photos. Not only will this declutter your home, it will also make it easier for buyers to imagine living in your space.

Keep it neutral

You may love bold colors, but potential buyers may not. That’s why real estate agents recommend using neutral tones such as brown, gray, or cream to make your home more of a “blank canvas.” Furthermore, using these colors saves the buyer from having to repaint rooms should they buy your home.

Keep it understated

Tuck away ostentatious artwork or furniture as these may overshadow the standout features of your home. Furthermore, while displaying said items can certainly add character to a room, they may also create the false expectation that they come with the purchase.

Don’t forget your floors

Few parts of your home get as much abuse as your floors, so make sure to give them some TLC during staging. Have wood floors refinished and have marble floors resealed to restore their beauty. Area rugs are also a quick and easy way to make floors more aesthetically pleasing.

Take nice photos

Increasingly, the first ‘viewing’ of a home happens online, so taking high-quality photos of your home can go a long way towards attracting a potential buyer. If your budget allows it, consider hiring a professional who specializes in interior photography. Otherwise, use a high-resolution camera to show off your home’s best features.

Consult with an agent

An experienced real estate agent knows the ins and outs of selling a home and can provide valuable advice on staging a home. They also have a network of trusted contractors and professional home stagers that you can tap. And once your home has been staged, they’ll use their marketing know-how to promote it to as many potential buyers as possible.

Need help staging and marketing your home to buyers? Contact us, David Chung and Sunny Kim, at 650.489.6251 or email us at info@david&sunny.com.

Keeping your Los Altos home safe

Home security concept

Home security concept

As of 2017 alone, a total of 1.4 million burglaries have been committed in the US. Of these cases, about 67% were home robberies.

These figures underscore the importance of beefing up the security of your home. Doing so these days shouldn’t take much time, money, or effort. Take a look at these tips:

Change locks in new homes

Whether a house is newly constructed or newly bought, you’d be wise to replace all of its locks. The contractor or previous owner may have given duplicate keys to other people, giving them access to your home without your knowing it.

Consider keyless entry

A misplaced house key isn’t just a big headache; it can also be a major security threat if it falls into the wrong hands. Avoid this risk with a keyless entry system which involves entering a code to unlock your door.

Invest in quality doors and windows

Your front door is your first line of defense against intruders so make sure your door and its doorframe are made of solid, sturdy wood. Likewise, ensure that window locks are functioning properly and that broken panes are replaced ASAP.

Automate your house

Do this not just because it’s convenient, but also because it keeps your house safe. For instance, you can set your lights to automatically turn on in the evening even if you’re not there. Lights turned on in the evening give the impression of an occupied house. This function can help deter burglars. You can also set music to play, further leading potential intruders to think that someone’s at home.

Get a home surveillance system

The sight of a surveillance system alone will discourage many robbers from victimizing your home. The trick, however, is to make sure that there are no blind spots that burglars can exploit. Prioritize installing them near your front door, back door, and first-floor windows.Also see to it that your lawn shrubbery is well-trimmed to prevent them from becoming hiding places for unscrupulous visitors.

Mind your garage door

Make sure your entry door is equipped with a deadbolt and a heavy-duty strike plate to keep burglars out. Since most garages are annexed to the home, make sure the adjoining door is likewise sturdy and tamper-resistant.

Preventing a burglary is far easier than dealing with its aftermath. Moreover, upgrading your home’s security can potentially increase its market value should you ever decide to sell.

Consider Los Altos Hills as your new home. We can assist you in making that dream a reality. Contact us, David Chung and Sunny Kim, at 650.489.6251 or email us at info@david&sunny.com.

The best places to eat in Los Altos Hills

Cuisine of different countries

Cuisine of different countries

Los Altos Hills has made its mark as the wealthiest town in sunny California, thanks to Silicon Valley high-profile techies residing in the community. However, it has long been known as home to some of the best international cuisines in the Bay Area. Join us on a quick tour and discover the world of flavors in this charming city:

Green Bakery & Cafe
692 Fremont Ave, Los Altos, CA 94024, USA

For fresh and flavorful food, drop by Green Bakery & Cafe on Fremont Avenue. This local favorite specializes in traditional Vietnamese cuisine so be sure to sample its signature spring rolls and banh mi. “Healthy food” is the catchphrase here with the restaurant serving salads and sandwiches for busy people who want to eat healthy on the go.

Cetrella
400 Main St, Los Altos, CA 94022

Authentic Mediterranean meets California coastal in Cetrella. Using only locally sourced and artisanal ingredients, Chef Michael Ellis and his team concoct refined yet accessible dishes like grilled Half Moon Bay artichokes, grilled jumbo gulf prawn, and mascarpone semifreddo. There’s also a full bar that serves a variety of cocktails and over 10 international wines.

Hiroshi
328 Main St, Los Altos, CA 94022

Book a reservation at Hiroshi for a most intimate dining experience. It only accepts eight guests within the day who are assured of service the omotenashi (a Japanese term meaning “hospitality”) way. High-grade wagyu beef is flown in weekly from Japan, and the entire feast is prepared by none other than chef-owner Hiroshi Kimura himself.

Chef Chu’s
1300, 1067 N San Antonio Rd, Los Altos, CA 94022

Bay Area dwellers have been flocking to Chef Chu’s since 1970, largely due to its innovative, charismatic owner and his culinary treats. Many of the Silicon Valley elite, as well as celebrities, have sampled Chef Chu’s signature dish, the Classic Beijing Duck. Other items worth trying include four seasons cold plate and minced crystal prawns in lettuce cups.

Los Altos Grill
233 3rd St, Los Altos, CA 94022

A staple in the local culinary scene since 1996, Los Altos Grill gives an upscale twist to everyone’s favorite comfort food. Must-try items include jalapeño iron skillet cornbread, wood-fired rotisserie chicken, double-cut pork chop with Pommery sauce, and classic French omelet with goat and cheddar cheese. And if you’d like to see how the magic is made, book a seat at the island bar which is right next to the exhibition kitchen.

Opa! Authentic Greek Cuisine
325 Main St, Los Altos, CA 94022

Opa! brings the flavors of Greece to Silicon Valley with aplomb, serving hearty, tasty, and flavorful dishes steeped in tradition. Here you can find all of Greece’s signature dishes, from the gyro, keftedes, saganaki, and more. The cozy, bar-like atmosphere also makes it the perfect spot to unwind while enjoying scrumptious food and sipping excellent Greek wine.

Amber India Restaurant
4926 El Camino Real, Los Altos, CA, USA

Those looking for the best Indian cuisine in Los Altos should look no further than this Zagat-rated restaurant. Amber uses traditional cooking techniques like the tandoor for the authentic Northern Indian dining experience. It also has a wide selection of both vegetarian and non-vegetarian dishes on its menu, such as tandoori, papa-dams, Tikki, and more.

The thriving food scene is just one of the many perks of living in Los Altos Hills. Let’s talk about what the area can offer you. Contact us, David Chung and Sunny Kim, at 650.489.6251 or email us at info@david&sunny.com.

Home-selling secrets for the first-time seller

couple

couple

Selling your home can be a daunting endeavor, especially if it’s your first time. Even so, it isn’t always the case. With adequate preparation and a winning attitude, you can overcome the hurdles and successfully sell your home. The following tips will definitely help.

  1. Find a real estate agent.

    Since it is your first time to sell a home, getting the services of an experienced local agent will be advantageous. Your agent will be your right-hand person as you sell your home in Silicon Valley.

    So, how do you find the best agent? Referrals from close friends and family who’ve recently sold their homes are handy. You can also find candidates online.

    It’s good practice to interview at least three people for the job. Ask about properties they just sold, their specialty, and their work style. These questions will help you choose the best agent.

  2. The right price is key.

    There are many things that grab the attention of prospective home buyers, and that includes the listing price. There are several ways that will help you determine the best one.

    1. Ask your seller’s agent to provide a comparative market analysis (CMA.) This report usually includes information about similar homes that were recently sold in your area.
    2. A home appraisal will give you your property’s current market value. This, in turn, can help you set a realistic price range.

    Zillow offers more insight on how you can price your home accurately.

  3. Put up a great online listing.

    As majority of home buyers now begin their home search online, it’s important to upload a property listing that grabs buyer interest for all the right reasons. After all, first impressions matter.

    1. If possible, have a professional take pictures of your home. By doing so, you’ll be able to showcase the best features of the property in an aesthetically pleasing way.
    2. A well-written paragraph (or two) about your property makes your listing more appealing. Be creative while relaying important information about your home and its location.

    These tips from Trulia will help create a winning online listing.

  4. Stage your home for success.

    Upgrades and renovations help increase the profitability of your home, while dressing it up for sale allow buyers to envision themselves living in the property.

    According to some research, home staging can even help you sell your home for more. This infographic by the National Association of Realtors illustrates just how effective home staging can be.

    NOLO has more good things to say about staging your home here.

  5. Plan your move ahead.

    Selling a home can be stressful, as is moving to your new house. As much as possible, prepare for your move and smoothen the details weeks ahead of your moving day.

    While your agent handles the finer aspects of home-selling, look up movers, set apart belongings to keep and to give away or sell, and notify your utilities and billing about the impending move.

Selling your home in Silicon Valley for the first time doesn’t need to be hard.

All you need is the right real estate professionals by your side. Talk to us today at info(at)davidandsunny(dotted)com or 650-489-6251 to get started.

Why do homeowners sell their homes?

house keys

house keys

Homeowners have different motivations that fuel their decision to sell their homes. It can be as simple as outgrowing the property. It can also signify a major change in their lives.

In this post, we will be taking a look at the most common reasons why people sell their homes.

Lifestyle-related reasons

Changes in lifestyle tend to spill over to your preferences and needs, and most importantly, your living situation.

If you purchased a starter home, you might find the property gradually becoming small as your family gets bigger. And as kids grow up and leave the nest, it might cause you to downsize.

Career-wise, some homeowners sell their homes because of work-related reasons. For instance, you might get transferred to a different city or state. Promotions and better financial standing can also make you want to upgrade to a better home.

Homeowners of retiring age might also want to downsize. Some sell their homes to move to smaller properties, while others choose to live in retirement communities.

Changes in the family or household might also be the primary motivations behind the sale. On one hand, you might be currently living far from your family and you want to be closer. On the other hand, you might want to strike out and live away from your relatives for the mean time.

Financial reasons

In addition to lifestyle changes, motivations behind the sale might also be influenced by money.

For instance: you’ve had your home for quite some time to the point that it has built significant equity. Instead of keeping the property, you might find it more appealing to take advantage of the situation, sell the home, and reap the benefits of your investment. This choice is even more attractive if the market is hot.

Meanwhile, some homeowners find current maintenance expenses to be too burdensome to be worth it. Selling the home instead of addressing the issues might be more financially sound, especially if the property is way past its prime.

Additionally, it’s entirely possible for homeowners to be unable to keep up with home maintenance any longer.

Moving on

Some homeowners sell because of this simple reason: they’ve simply outgrown the place. And there are a number of personal factors that can be behind this sentiment.

One scenario is a homeowner who has completed his passion project of renovating or restoring a property. Alternatively, it could be that he already fulfilled his goal in that home and he is ready to move to the next chapter.

As you get older, you might find your interests and priorities drastically different from when you purchased your home. This might also want you to consider selling the property.

The reality is: life happens, and we adapt to it as it goes along. No matter what your reasons are, we can help you sell your home in Silicon Valley.

Knowing the primary reasons behind home selling can also help you purchase the property you want. To learn more, talk to us at info(at)davidandsunny(dotted)com or 650-489-6251. You can also get in touch with us here.

Must-visit museums in Silicon Valley

Visual Arts Museum

Visual Arts Museum

Silicon Valley is not only a treasure trove of technological innovations. It is also the home of some of Bay Area’s best museums and art galleries. Here are some of our absolute favorites.

  1. The Tech Museum of San Jose

    The Tech is the best place in Silicon Valley for those who are unfamiliar with the region’s main industry but would love to dive deeper. This interactive museum’s variety of exhibits shine the spotlight on different fields of science and innovation, from the cosmos to how your body works.

    In addition to the exhibits, The Tech also opens its doors to guests who are looking for new experiences. For instance, their Birdly simulator will have you soaring through Manhattan and experience the thrills of bird flight.

    Visit The Tech in Plaza de Cesar Chavez in Downtown San Jose. For hours and ticket prices, click this link.

  2. Cantor Arts Center

    Situated within the Stanford University campus grounds is the historic Cantor Arts Center, which opened the same year the university did. It was renamed in 1999 after Iris and Gerald B. Cantor, the couple who donated a significant portion of Cantor Arts Center’s treasure. To date, the museum is home to almost 40,000 artworks that span a total of 5,000 years.

    To effectively showcase this prized collection, Cantor Arts Center is divided into 24 galleries. In addition to their permanent exhibits, the arts center also opens its doors to special exhibitions throughout the year.

    Cantor Arts Center is open all year round and offers free admission. Plan your visit accordingly by visiting this page.

  3. San Jose Museum of Art

    One of leading museums for modern and contemporary art in the Bay Area, the San Jose Museum of Art (SJMA) is not only a must-visit attraction− it’s a revered institution. Every year, the museum organizes a well-balanced mix of permanent and temporary exhibitions to provide an experience that is fresh and engaging.

    Aside from showcasing works by American artists, SJMA also features spectacular works from artists from around the world. Beauty and artistry are not only at the forefront, but sheer talent, political commentary, and diverse narratives as well.

    The San Jose Museum of Art is located in Downtown San Jose. It is open Tuesday through Sundays. Click here for more information.

  4. Winchester Mystery House

    History and horror awaits in Winchester Mystery House, a popular attraction in San Jose. Over a hundred years old, this mansion holds a lot of secrets, which makes it one of the more peculiar museums in Silicon Valley.

    The Winchester House was the former residence of Sarah Winchester of the Winchester rifle fortune. According to urban legend, the Mrs. Winchester was driven to paranoia by the ghosts of those killed by the rifle. As a result, Mrs. Winchester turned the mansion into an estate full of labyrinthine hallways.

    There are many ways to explore the Winchester Mystery House. The standard mansion tour takes guests to the main areas of the house, while the seasonal Hallowe’en Candlelight Tour makes the museum spookier. Plan your visit here.

Learn more about Silicon Valley by browsing our blog. You are also welcome to get in touch with us at 650-489-6251 or info(at)davidandsunny(dotted)com.

5 Home Buying Tips for Young Professionals

tips

tips

Buying a home in Silicon Valley may seem like a daunting idea for young professionals. It’s easy to be intimidated and discouraged by the intense competition and sky-high prices. Then again, these are the very same reasons that should convince young adults to take the leap.

Purchasing real estate is an investment. Buying a home means staking a claim to a piece of the market, earning equity over time, and improving one’s chances to own better properties in the future. Young professionals keen on living in the Bay Area for the long haul should consider this significant advantage over renting.

Here are five things that young professionals can do to buy real estate in the competitive Silicon Valley market:

  • Know what you can afford

    Figure out “how much house” you can afford. A good way to gauge this is through the 28/36 rule which states that:

    • Homeowners should spend no more than 28% of their gross monthly income on total housing expenses, such as the mortgage, taxes, insurance, and regular maintenance
    • No more than 36% of the gross monthly income should be spent on total debt obligations, including housing and car loans

    Applying for a mortgage pre-approval is another way to get an accurate estimate of your financial capacity. This is based on a lender’s review of your financial credentials. Pre-approval does not require you to borrow any amount at the end of the process, so you have no resulting financial obligations to worry about.

  • Establish good credit

    The results of your loan pre-approval depend largely on your credit scores. The mid-600s is a realistic range that can secure a decent mortgage. You can aim to boost your score to get more favorable interest rates by:

    • Paying off any outstanding debt
    • Paying your credit card dues on time
    • Opening a new credit card account, but only for emergency use
  • Save for your down payment and closing costs

    If you follow the 28/36 rule described above, you will have most of your housing costs covered when your mortgage period begins. Still, you have to prepare your down payment. The best practice is to pay for 20% of the property up front, which equates to a significant sum in the Silicon Valley market.

    In addition to your down payment, think ahead and save for extra costs that you will incur toward the end of your transaction. This includes closing and moving costs, application and installation fees for utilities and services, expenses for new furniture, and maintenance costs.

  • Consider rental income

    For young, single homeowners, a practical way to sustain a mortgage fund is to welcome trusted friends as tenants in your home. If you’re buying a home with at least two bedrooms, make good use of that spare room to subsidize your mortgage needs.

  • Work with a real estate professional

    Young professionals can make their journey through the meticulous home buying process with the help of experienced and knowledgeable local real estate professionals. As specialists in their field, real estate agents combine intensive local knowledge and seasoned industry savvy to provide you with sound advice and dedicated representation every step of the way.

In Silicon Valley, David Chung and Sunny Kim are the real estate pros that you can turn to for your home buying goals. Call us today at 650-489-6251 or email info(at)DavidandSunny(dotted)com.

5 of The Best Coworking Spaces in Silicon Valley

coworking

coworking

As a hotbed of startups and innovative ideas, Silicon Valley has changed the economic landscape of the southern Bay Area. The backbone of this thriving local business environment is a dynamic culture, one of creativity, collaboration, and open exchange. It’s a culture made possible by the emergence of the coworking space.

Coworking spaces are shared working environments designed to accommodate freelancers and self-employed individuals or teams. They offer affordability, flexibility, and productive networking opportunities among like-minded professionals.

If you are looking for the Silicon Valley’s top coworking spaces, here are five places worth checking out.

  • Hacker Dojo
    3350 Thomas Road, Santa Clara 95054

    Embracing a bare-bones aesthetic, Hacker Dojo capitalizes on simplicity to offer coworking spaces at a great value. Private desks are available for as low as $300 per month, while individuals with tighter budgets are still made to feel at home with weekly plans that cost only $50. Day passes are also available for as low as $20.

    Hacker Dojo hosts regular events and classes that all paying members can join for free.

  • HanaHaus
    456 University Avenue, Palo Alto 94301

    If your Palo Alto startup is just looking for a quick brainstorming venue, HanaHaus is worth a visit. This coworking space offers a variety of work environments that are charged by the hour. So whether you need an open seating workspace or a private meeting room for a given schedule, you’ll pay for only what you need.

    Reservations are accommodated via their website, alongside a floor plan that lets you visualize the ideal space to match your need.

  • Plug and Play
    440 North Wolfe Road, Sunnyvale 94085

    Doubling as an accelerator, this coworking space connects Silicon Valley’s most promising startups to venture capitalists and other funding programs.

    With up to $500,000 in investments available for funding support, plus access to mentorships and corporate partnership opportunities, Plug and Play membership is in high demand, and as such requires enrollment and screening.

  • Sandbox Suites
    Five total locations in downtown Palo Alto, San Francisco, and Berkeley

    This prolific coworking space chain takes pride in helping Airbnb to become the success story that it is today. To this day, it stands out as a brand trusted by various Bay Area startups, including entities operating outside the tech industry.

    The Palo Alto location features nine private offices that accommodate between two to seven individuals. Guests can also rent executive meeting rooms and enclave-style cluster seating that guarantees ample privacy.

  • The Pad
    1250 Borregas Avenue, Sunnyvale 94089

    Flexible membership options here include monthly desk usage at $250 per month and day passes starting at $25. The Pad also offers virtual office services – a package that includes a business address with mail and package handling – at a basic $45 monthly deal.

    The Pad also sweetens the pot with its Pad Plus offerings, which includes add-on services that include daily lunch delivery, car washing, and even dry cleaning.

Find a great Silicon Valley home to enjoy the best local highlights that the area has to offer. Call David Chung and Sunny Kim for excellent real estate opportunities today at 650-489-6251. You may also email your inquiries at info(at)DavidandSunny(dotted)com.

The Pros and Cons of Investing in New Construction

investing

investing

Investing in new construction is a sensible way to capitalize on Silicon Valley real estate. Here are the key advantages and disadvantages that this type of property offers:

  • PRO: Lower maintenance costs

    With new builds, expect the use of brand new materials and modern construction methods. You can also be assured that they are built to code, abiding by local safety and health standards.

    This means it’s unlikely that you have to deal with urgent repairs and maintenance work. In case problems do pop up, the builder’s warranty will cover these costs. Warranties typically cover a minimum of one year and can be negotiated toward extended terms.

  • CON: You are buying at retail prices

    New construction is priced at retail market value, and investors have little room for negotiation. But don’t let this discourage you; remember that you are investing for the long term and adding an income-generating asset to your portfolio.

  • PRO: Builders’ incentives decrease the required capital

    While new construction nominally costs more, investors can maximize incentives that the builder may offer. In addition to total cost discounts, incentives may come in the form of bonus appliances or home features, such as a TV or granite countertops installed free of charge. Perks like these help investors boost the appeal of the property without needing to add to their total expenses.

  • CON: Builders vary

    Different companies offer different sets of skills, policies, and industry experience. Do your homework to make sure that your builder of choice aligns with your investment goals.

  • PRO: Greater supply, less competition

    Real estate investors will find an easier time purchasing new construction because of a larger inventory. Properties with a “clean slate” also make them less likely to figure in a bidding war. Instead of dealing with competition, investors can instead focus on choosing a property that offers the ideal combination of location, features, amenities, pricing, and incentives.

  • CON: The “unknown” factors

    With new construction, some factors may be unknown for the immediate term. Take property taxes, for instance, which can affect an investor’s cash flow calculations. For the first year, the property tax attached on a new build is significantly low because only the land is being taxed. The rates are likely to change in succeeding years based on county appraisals on the land and the property.

    Intangible factors such as the neighborhood profile will also be difficult to predict, especially for brand new communities.

  • PRO: Faster turnaround

    New construction affords investors a faster turnaround. Unlike pre-owned homes, new builds do not require any repair work or other preparatory steps that may cause you to delay putting the property on the market. In fact, you can put up the property “for sale” or “for lease” as soon as you close the deal with your builder.

  • CON: You are at the mercy of the builder’s schedule

    One possible cause for frustration with new builds might be unforeseen delays in the construction schedule. This might be especially inconvenient if you are already receiving plenty of serious interest from your early marketing efforts.

  • PRO: Everybody likes new things

    It’s easier to justify a premium lease or sale price with a new construction. You can leverage the brand new appliances, features, and amenities to attract greater interest. Even highlighting the warranties can boost the appeal of the property.

Learn more about the best new construction opportunities in the southern San Francisco Bay Area. Contact us today at 650-489-6251 or info(at)DavidandSunny(dotted)com.

6 Tips for Buying a Second Home

Buying a home

Buying a home

Buying a second home is an enticing investment. It can either be a relaxing retreat in place you love. It can also be an income-generating asset. Here are six tips to help you make the right decisions.

    Plan ahead

    As you did when you bought your first home, do your research and determine the type of property you’re looking for. Consider your plans well− it is going to be a vacation home or perhaps even a rental? Can you afford to make the purchase?

    Learn more about your desired location

    Once you know what you’re looking for, it’ll be easier to pick out a location. Your second home could be in a city or town you love to visit once in a while. It could also be on a gorgeous mountain location or an idyllic coastal setting.

    Consider your plans for the property. Things to bear in mind include access to amenities, services, and utilities. How far is the nearest supermarket or hospital? Are there any good schools located in the area? Does it flood in the vicinity?

    With proper research, you’ll be able to figure out if your second home has rental potential, if you can benefit from any tax cuts, and if you need to get additional utilities and insurance.

    Hire a local real estate agent

    A local real estate agent offers guidance, expertise, and in-depth insight into the community you’re considering buying into. Working with a realtor also allows you to tap into a vast network of real estate professionals, including builders and contractors, so you can get the home you want.

    Do some research about tax benefits

    If you’re going to purchase a second home, you should take advantage of tax benefits available to you.

    For example, you don’t have to pay rental income tax if you’re only renting out your property for less than 15 days a year. That said, you can’t deduct maintenance expenses. It’s vice versa if you rent out your property for 15 days or more.

    Secure financing

    Since you are purchasing your second home, you’re unqualified to get certain loans (such as the 203k, VA, and USDA loans.) That said, there are plenty of options out there, so shop around for the deal that works best for you.

    Additionally, make sure you can shoulder two mortgages. To qualify for a second-home mortgage, you should be capable to put 10 to 20 percent on down payments. An acceptable to outstanding credit score, as well as documents that prove your financial capability, are also needed.

    Don’t buy on impulse

    Many home buyers fall into the trap of buying a second home without proper research. And such ventures can lead to heavy consequences. Resist the urge to invest on a second home simply because you feel like it (or you’ve fallen in love with a place.)

Learn more about buying a second home

Are you looking for a vacation home in San Mateo with stunning coastal views? How about an investment property in Silicon Valley with tremendous rental potential? Get in touch with us today at 650-489-6251 or info(at)davidandsunny(dotted)com to get started.