Homeowners: Are You Tired of Your Outdated or Small Kitchen?

There are many great Reston area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (703) 564-4026 or (301) 660-6272 for a FREE home buying or selling consultation to answer any of your real estate questions.

Here are the top ten best renovated kitchens from HGTV’s House Hunters: Renovation:

10.    Sometimes all an outdated kitchen needs is a little paint and a lot of creativity! These homeowners updated their kitchen with two tones of grey and a yellow wall to brighten things up!

9.    This house may have had renovation written all over it, but the kitchen was next to perfect! After a few minor changes, the kitchen was perfect!

8.    This kitchen featured tile countertops which led the owners to scrap the countertops and the walls! They then added custom cabinets and countertops and threw a party to commemorate them.

7.    1 ugly kitchen + 2 homeowners ready for a change – 1 one wall = 1 cool kitchen!

6.    This kitchen wasn’t a nightmare, but the owner couldn’t live with its outdated styling. After some renovation magic, they created an open, airy and awesome kitchen!

5.    When a kitchen feels cramped and outdated, there is only one solution: demolition! Six weeks 

later, the kitchen is styling!

4.    A completely wallpapered kitchen (even the went hood featured wallpaper) was not what these homeowners had in mind! However, a vision and $500,000 made for a much improved kitchen!

3.    This snow white kitchen wasn’t winning any style points with the homeowners, but mix in some greys, browns and stainless steel and you get a perfect 10!

2.    Get these tile counters out of our sight! Add some stainless steel appliances and much needed light and the kitchen instantly feels brighter and newer!

1.    The best renovation is... This specious galley kitchen was in the middle of a larger room and was just plain weird. Good thing the owner is also a contractor! They blew the whole thing open and created a blend of modern and beach styles, which is perfect for parties!

These were the top ten renovated kitchens from House Hunters: Renovation. If you would like so more information on home renovations, don’t hesitate to reach out to me. Thanks and have a great day!

Explaining a 1031 Investment Exchange & How it Bolsters Your Assets

There are many great Reston area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (703) 564-4026 or (301) 660-6272 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you are selling an investment property, then you will definitely want to look into a 1031 Exchange. This exchange is called a "1031" Exchange because it comes from section 1031 of the Internal Revenue Code. The greatest advantage to a 1031 Exchange is that you can use the government's money to grow your holdings and save money on taxes.

Using this exchange, an investor can sell a property and purchase another property (or properties) as long as they are equal in value to the property being sold. The IRS code actually reads: "No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like kind, which is to be held either for productive use in a trade or business or for investment."

To elect for a 1031 Exchange a property owner must identify the property for exchange before closing. Once an exchanger sells a property, they have 45 days to identify a property of equal or lesser value. Once an adequate property is identified, an exchanger then has 180 days to close the property.

A qualified intermediary must be used in the transaction to hold all profits from the sale, which will then be distributed after the closing of the property.

If you need more information about this subject, this is a highly informative article: http://homebuying.about.com/od/1031exchanges/qt/31709_Exchanges.htm

If you need any assistance with a 1031 Exchange, or need any real estate assistance in the Arlington or Washington D.C. areas, then please contact me at (301) 660-6272 or visit www.Help2OwnAHome.com

Handling an inherited property when you're the executor of the estate

There are many great Reston area homes for sale. Click here toperform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (703) 564-4026 or (301) 660-6272 for a FREE home buying or selling consultation to answer any of your real estate questions.

As real estate agents that deal with estate planning and related concerns on a regular basis, we are often asked specific questions regarding the handling of property transfer. A common question we receive deals with the way to handle a property that is inherited by the executor of the estate. Many people want to know if it is better to sell the property while it is still in Probate.

The short answer is this: it depends.

Since every real estate transaction and every situation is different, there really is no right answer. However, there is one factor to keep in mind. In our many years of experience in dealing with these types of situations we have learned that there is a certain level of protection that you will get from the court. The courts do understand that you are the assistant to the estate. That is why they do not want to put any further liability on top of you. 

There is another aspect to the Probate court factor that also adds protection; by allowing a court to oversee a sale much of the family dynamic and guesswork that can ensue is eliminated. As soon as the property has gone through probate all the other beneficiaries become parties and each of them have a say in the property.

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Only estate attorneys or real estate agents that specialize in estate sales should handle dealing with these and other issues regarding estates. For all your questions regarding probate, we invite you to contact us today.

Call: (703) 564-4026 or (301) 660-6272

Visit: www.Help2OwnaHome.com