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Oxford Real Estate | olemissparents
Feb 2, 2018

Oxford Real Estate

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Hi Parents, I am Stacy Harrison, Associate Broker at Kessinger Real Estate of Oxford. My husband and I as well as our three children are Ole Miss alums. You may contact me at stacy@kessingerrealestate.com or 662-832-2820 for advice in purchasing a property in Oxford.

Great post. Articles that have meaningful and insightful comments are more enjoyable, write my dissertation for me at least to me. It’s interesting to read what other people thought and how it relates to them as their perspective could possibly help you in the future.

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  • Sharing a space with a roommate can be tricky, whether you’ve known each other for years or found each other through classifieds. Unless you’re very lucky, the two of you are likely to have different tastes when it comes to interior décor – you might be a sworn Bohemian, while she prefers minimalist simplicity of Japandi. However, even this union of different decor preferences can work if you apply some of these tips. In the end, your effort could result in a more beautiful and eclectic space than you could imagine. Invest in durable pieces Sharing a space with roomies means having more people around all the time. This means that high-traffic areas such as entryways and shared bathroom will need more frequent cleaning, but also means more wear and tear on furniture and fixtures. For this reason, you should avoid budget furnishings and instead stick to more quality items. Although veneer coffee tables are affordable, they're likely to chip or show other signs of damage in the first six months. For roughly the same price, you can get a used real wood table in great condition, which you can then restore yourselves. While they may cost more upfront, durable furnishings last longer and age better, so consider pooling your money among yourselves for pieces that are worthy of investment. Start with neutral palettes While you may initially want to make your design taste dominant, especially if you own the place or you're the longest-present tenant, that approach doesn't always work with your roomies, especially if your tastes are a bit off-beat. So, instead of insisting on leopard print sofa throws and larger than life photo print tapestries, stick to quality pieces which are more neutral, such as pastel drapes and non-patterned, natural fibre rugs. From there, you and your roommate can work together in bringing details that add more personality and character to the space, without pulling in any of directions. This way, both of you will feel that you had some say in the décor, without being too pushy. Your bedroom = your sanctuary If your shared space has turned into an exuberant hodgepodge of styles and you want a patch of it to be your no-flight zone, the bedroom is the right spot, as it might be the only space in the house where you have full creative control of your décor. While your lease terms may not allow you to squeeze in a frameless shower stall, you can personalize the space with window treatments, furniture, and the choice of lighting. Don’t try to dismantle the existing light fixtures yourself. In Australia, for example, unlicensed electrical work is even subject to a fine, so renters and even homeowners would rather call a local electrician than install lighting themselves. This certified electrician in Campbelltown is just an example of what you need – gives fair quotes, provides reliable local service, and even operates a 24-hour emergency standby. Don’t surrender function to form When you live together, it's easy to lose composition when someone doesn't do their dishes or puts things where they belong. An organized, minimalistic design can partially put an end to those squabbles, but an even more effective solution is to provide a lot of public storage like shelving, dish racks, and trays for kitchen essentials that are easily cleaned and organised. If you have plenty of wall space, you can combine spice racks and shelves for cookbooks with utensil racks and hangers for cutting boards. Embrace eclectic styles Apart from being artsy and chic, a plant-rich bohemian décor is highly trending these days. Originating among hip, millennial urban dwellers, this style is easy to achieve and maintain when you have roommates, as it’s based on mixing and matching styles. The pieces that fit the bohemian décor may come from a wide array of sources, from thrift stores and flea markets, over your grandma's attic, to big-box retailers and garage sales. Going with an eclectic décor such as bohemian, allows you to harmonise common spaces – how can you otherwise have a reclaimed couch, IKEA coffee table, and a vintage heirloom chair sitting in the same room without it sounding like the beginning of a joke? Sharing an apartment with roommates can be good for your finances, but not so good if you’re about to design the apartment of your dreams. As in all joint undertakes, honesty is your best tool, as without each of you expressing their wishes and preferences, you can go on tiptoeing around each other without ever achieving the look either of you loves.
  • Moving can be quite a stressful endeavor. This is particularly true if you’re a college student. Not only are your finals probably just around the corner, but now you also need to think about moving your things out once the year is done. And while this period will certainly feel hectic no matter what you do, there are things you can do and ways you can make everything at least a bit less stressful. Here are a few useful tips. Start planning on time If you’re in your last year of college, you know that you will have to move out sooner or later. That’s why it’s always a good idea to start planning for the move as soon as possible. Over time, this may encourage you to downsize and declutter your room and embrace a more minimalistic mindset. Simply put, the fewer things you have to move out, the easier the entire process will be. So, see if there are any things in your room you can declutter and donate and get rid of anything you don’t actually need. Create a schedule Aside from creating a plan, you should also try to create a moving schedule. This does not just apply to the moving day, but also all the days leading to it. So, as the moving date approaches, decide which things you can pack days and even weeks in advance, to reduce the amount of last-minute packing that needs to be done. For instance, all of your non-college related books can be packed up in advance, because chances are that you won’t really have the time to sit back, relax and enjoy your favorite light read during this period. Also, see to it that you pack up any off-season clothes you might have because you won’t really be needing those either. Finally, create a check-list that will help you stay on the right track. Ask your friends to help Moreover, everything’s more fun if you do it with someone else. That’s why you should see if any of your friends are willing to help you pack and move. Since it’s likely that not all of you will be moving the same day, that allows you to see how you can help each other out. Of course, if any of your friends end up helping you make sure you return the favor. Book a vehicle Getting your things all packed up and ready for the move is, however, not the trickiest part. Actually, relocating your things to a new location is the trickier part. This is something you want to think about well in advance in order to ensure that you have a way to relocate your things when the time comes. You can choose to hire a moving company, but do know that the demand will be high during this period. Instead, you should consider checking out truck rentals and moving all of the things yourself. Your friends and family can help you load the trucks which will provide you with another dose of security, knowing that none of your things will end up being stolen or damaged. Find the right containers Deciding what you want to pack your stuff in is another thing you should consider before the move. Many people choose to pack their belongings in trash bags and similar containers. While this may seem like the most practical solution, the fact is that it is not always the best one. That’s why you consider obtaining moving boxes and pack all of your belongings in them. Not only will your items be more tightly packed this way, but you can actually label the boxes for easier recognition of their content. Double-check your moving list Finally, ensure that you double-check your moving list and see that you’ve packed everything up and that nothing has been left behind. During the move, it’s quite easy to leave behind things you’ve maybe wanted to pack last or forgot to pack up in the first place. Alternatively, you can tick things off the list as you load the items in the moving vehicle to ensure that everything is, in fact, packed and ready to go. So, if the time to move from your current location is approaching, you should start planning for the move on time. Organize everything to the last detail, make a clear moving plan, see to it that you pack up all of your belongings and be 100% ready when the moving day comes.
  • People with money have always looked at the real estate market as a relatively safe playing ground where they can make their first investment steps or an easy way to establish another income flow. This relative safety is granted by two simple facts – people are in constant pursuit of housing and, unlike other investment options, properties produce passive income and represent a renewable source of capital. Still, in spite of all these general traits, different property types offer different sets of pros and cons. Here, we will take a look where duplexes stand in the grand scheme of things and some strategies you can use to invest in this type of premise. What is a duplex? If you are unfamiliar with the term, the word duplex describes a house that consists of two separate living units with two separate entrances. Sometimes, these units are located on top of each other. More often, they are both accessed from the ground level. Either way, investing in a twin-home represents a strategy that allows you to rent the property to two different families at once. Pros and cons of investing in a duplex This fact alone creates a very unique value proposition that makes duplexes one of the most interesting investment options in the real estate market. Let us break down some of the pros and cons produced by such a setup. What makes a duplex a good investment Rental income – Since a duplex, essentially, represents a two-family property, you are in a position to rent both units and double the rental income. Affordability – This type of investment grants you two housing units at the price that’s far lower than the price of two separate properties. Ease of financing – Taking into consideration this level of versatility, it comes as a very pleasant surprise that duplex financing is performed through all regular channels (conventional loans, FHA loans, cash, etc.) Of course, we have to point out that a duplex investment represents such a popular beginner option because you can simply move into one unit, rent the other, live for free and have a great deal of the mortgage covered. Things to look out for Maintenance – Since the property will be occupied by two families at once, you can expect the maintenance costs to rise above the average. Vacancies – Finding tenants is hard. Filling two vacancies is even harder. However, as we already mentioned, these problems can be offset by moving into one of the compartments. As we can see, duplexes are by no means a perfect investment, but both the drawbacks we've covered aren't severe enough to prevent you from enjoying a couple of more than lucrative benefits. The investment strategy for beginners And now that we’ve covered the basics and established what the duplexes are actually all about, let us take a look at a couple of ways you can tilt the odds even more to your advantage. Leverage the tax benefits – Although local legislation varies from country to country, duplex properties often come with attached tax advantages. For instance, you are often allowed to claim the tax deductions the very same year you have bought the property. Lower the rents – Since you have acquired a two-family property at a price that's just slightly higher than a single-family house, you can do a lot to attract the prospective tenants by slightly lowering the rent. Leverage the location – Unlike regular properties, duplexes are far less spread out. That is why you should use this fact to your advantage and invest in duplex projects rather than buying existing properties. Hot locations in combination with lowered rents will help your investment earn a lot of heat. We hope these few considerations helped you realize just how valuable duplexes can prove to be if selected and managed properly. No matter whether you are just making your first investing steps or you are simply looking for yet another source of income, this is the feather you most definitely want in your cap.


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