Bill Hoey - RE/MAX Renaissance Inc.



Posted by Bill Hoey on 12/6/2017

???Robert Frost's poem, Mending Wall, poses an interesting question about whether "good fences make good neighbors."

On one hand, there are several advantages to having your property surrounded by a fence, especially if you or your neighbors have dogs or small children running around.

If you happen to have a vegetable garden or fruit trees in your backyard, a well-constructed fence can also help keep out ravenous deer, rabbits, raccoons, skunks, foxes, and other wildlife.

There's no doubt that fences can serve a variety of useful purposes, ranging from privacy and safety to wildlife control and home security. While it can be beneficial to mark off your property boundaries and keep your backyard private, a question to consider is whether a large fence -- especially a new one -- sends the wrong message to your neighbors.  Striking the perfect balance between privacy and friendly neighbor relations can be tricky at times, but there are compelling reasons to stay on good terms.

  1. Security reasons: If you take the time to chat with your neighbors every now and then, they'll have more of a tendency to keep an eye on your property when you're on vacation or just away for the day -- especially if you ask them.  People tend to be more helpful, observant, and protective of others with whom they share a bond or have a sense of community. In contrast to that, if they don't even know your name and haven't exchanged more than a few words with you in years, they'll be less inclined to pay attention to who's on your property and whether they belong there or not.
  2. Sharing resources: Keeping the lines of communication open with your neighbors is beneficial on many levels. When you have a friendly, ongoing relationship, you won't feel reluctant to ask them for help when your car battery's dead and you're running late for work. Trusted neighbors can also provide you with valuable information, such the names of dependable home improvement contractors or how to arrange a free pickup of household clutter that you want to donate to the Salvation Army.
  3. Quality of life: When you're regularly greeted by friendly neighbors, your neighborhood will feel like more of a welcoming and upbeat place to live. It may be necessary for you to set the example or make the first move, but once a friendly atmosphere has been created in a neighborhood, it's relatively easy to keep it going.

So while you may not want your neighbors to get in the habit of stopping by your home to chew the fat, every day, it can be worth your while to greet them by name, offer help whenever possible, and be the kind of good neighbor you'd like them to be. Setting a positive example may be all that's needed to establish a cooperative relationship and possibly even a life-long friendship. And, if all else fails, keep in mind the words of Benjamin Franklin: "Love thy neighbor, but don't pull down your hedge!"





Posted by Bill Hoey on 11/29/2017


474-482 Main St., Woburn, MA 01801

Central Square

Commercial

$2,450,000
Price

1
Buildings
Commercial
Type of Comm.
13,437.00
Lot Size
EXCEPTIONAL INVESTMENT OPPORTUNITY! This mixed use restaurant/ residential building is located in the HEART of busy downtown Woburn. Public transportation is at your doorstep and a NEW PARKING GARAGE is scheduled to be built directly across the street. Woburn Center is a vibrant, booming area with all types of businesses, boutiques, restaurants, bakeries, library, parks ..... This building was totally renovated (10) years ago and is in excellent condition. The restaurant space has a long term lease and the (4) apartments are fully rented. Each apartment has (3) bedrooms and one bath with a living area of approximately 1,500 sq. ft. You will love the Brazilian hardwood floors and the kitchens with granite counters and SS appliances. Each apartment has a laundry area, separate utilities and central A/C. There are two assigned parking spaces in the rear parking lot for each apartment. This is a profitable turn key opportunity, don't miss out. Call for additional information.
Open House
No scheduled Open Houses






Tags: Real estate   Commercial   Woburn   01801  
Categories: New Homes  


Posted by Bill Hoey on 11/29/2017

If you're currently renting an apartment or house, it makes good financial sense to consider becoming a homeowner in the foreseeable future. There are pros and cons to owning your own home -- and it's not for everyone -- but for most people, the advantages far outweigh the disadvantages.

An exception would be if your job requires you to relocate frequently. In that scenario, the potential benefits of building up equity in a home would be greatly diminished.

On the other hand, if you plan on staying put for more than a few years, then the tax benefits and investment value of owning real estate could put you on a stronger financial track than if you continued shelling out your hard-earned money to a landlord. You've probably heard the argument before: "If you pay rent, you have nothing to show for it at the end of the year". However, when you buy a home, an increasing portion of your monthly payments is applied to your actual ownership of the property (as opposed to how much you owe the bank).

Tax Advantages of Home Ownership

In most cases, you can deduct all of your home mortgage interest from your federal tax returns, according to the IRS. More specifically: "The only costs you can deduct are real estate taxes actually paid to the taxing authority, interest that qualifies as home mortgage interest, and mortgage insurance premiums."

However, since everyone's financial situation is different and there is no "one size fits all" approach to financial management, it's always best to consult with an experienced CPA, enrolled agent, or knowledgeable tax preparer. There may be other tax benefits you could qualify for as a homeowner, too, including getting tax credits for installing a solar energy system. The government's Energy Star program says tax credits on new solar energy systems are available through the year 2021.

Getting the Process Underway

Two key steps to becoming a home owner are finding out your credit score and meeting with a mortgage lender to determine how much of a real estate loan you could qualify for. An experienced real estate agent can also provide you with a wealth of guidance and information on how to become a homeowner. They can fill you in on many of the exact steps, requirements, and advantages of buying your first home. A buyers' agent can also help you assess your readiness to take the plunge into home ownership.

In addition to finding out your credit score, which will impact your mortgage interest rate and the type of loan you may qualify for, other vital information can be gleaned from a detailed personal budget. Although the amount of rent you now pay will provide some insights into your potential house-buying budget, there are a lot of variables which will impact how much of a mortgage you could comfortably afford.





Posted by Bill Hoey on 11/28/2017

This Single-Family in Wakefield, MA recently sold for $470,240. This Ranch style home was sold by Bill Hoey - RE/MAX Renaissance Inc..


240 Pleasant St., Wakefield, MA 01880

Single-Family

$475,000
Price
$470,240
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
BEAUTIFUL MOVE IN READY WESTSIDE RANCH .... Don't let this one get away. AWESOME location just steps to Lake Quannapowitt. Short walk to shopping and restaurants downtown. Less than a minute to Route 128 and less than a two mile drive to the Commuter Rail to BOSTON. You will LOVE the updated kitchen with granite counters, breakfast bar, gas cooking and easy access to the dining room. Relax in the spacious living room and enjoy the warmth of the gas fireplace this winter. Plenty of room for entertaining friends and family in the extensive family room and sitting room. Come next summer in JULY you will welcome the comfort of the central air conditioning and the huge deck overlooking the large fenced in backyard. Check out the beautiful hardwood floors in the photos. This is a REAL GEM!

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Categories: Sold Homes  


Posted by Bill Hoey on 11/22/2017

If you’re hunting for a new home, it can be tempting to make an appointment to view as many as possible. However, it can be a better use of your time to narrow down the search beforehand and eliminate houses from your list based on some at-home research. That way you can use those extra hours for fine-tuning your home search and make sure you visit only the houses that will suit your every need.

In this article, we’ll teach you some ways to research a home, neighborhood and town before you take the time to visit.

Things to Research about Your Potential New Neighborhood

So you’ve found a listing that looks nice. Your next step should be to find out as much as possible about the area the home is in to make sure it suits your needs.

A good first step is to head over to Google Maps to find out which amenities are in the area. Schools, banks, grocery stores, restaurants, hospitals, parks… the list goes on. This is also a good time to map out how long it will take you on average to drive to work from this house and to see if it will lead you through any high-traffic areas that might affect your daily schedule.

You can also research other homes in the area to see if the house is selling higher or lower than average. This will give you a question to ask the real estate agent if you choose to reach out for further information.

Town statistics

Another step to take on Google for this home is to look up statistics for things like neighborhood crime, ratings for the school district, and the state of local businesses.

Is the area up-and-coming with healthy businesses and low crime? If so, it could be worth pursuing further.

If you’re planning on having children or already do, the quality of the education could be of importance to you.

Finally, get an idea of the local tax rates so you know how much you’ll owe the government for your property and excise taxes.

Researching the house itself

If you’re comfortable with the town and neighborhood, there’s still some research you can do online before you schedule a showing.

See if you can find out if the house belongs to a homeowner’s association. Look up their rules and fees to see if they’re agreeable to you and your family’s lifestyle and plans for the future.

Look up the sale history for the home. If there are several recent sales, this could be a sign of problems with the home or neighborhood. Similarly, if the price has increased or decreased dramatically more than nearby houses, consider asking the real estate agent why this is.

Finally, see if you can view the number of days the home has been on on the market, commonly abbreviated as “DOM.” This will give you some insight as to how desirable the home and neighborhood are.


Once you have all of the information at your disposal, you’ll be in a position to decide whether or not to schedule an appointment to view the home.