THIS MONTH’S FEATURED REAL ESTATE ARTICLE
Money does grow on trees
For every month’s real estate feature I try to find a topic that I want to learn more about whether it’s flood maps, taxes, or real estate markets. This month’s inspiration came from my experience as a real estate agent when a buyer was advised to have a 100-year-old maple tree removed before buying a house. In my research on trees and landscaping, I was amazed to see how much value trees can potentially add to a house in every way. And also the problems […]
Housing for the Birds
Reflecting on a subject for an article dealing with real estate and animals, I realized that the same considerations humans have when selecting a home are also true in the avian world – security, construction, location, room layout, finishes, etc. The realtors’ view that there is always the right client for a house applies to birds as well, so I consulted with birdhouse experts to provide readers with the information required to consider starting their own backyard real estate development project and become a responsible […]
Buying and Selling Inns and Bed & Breakfast
Hasn’t everyone thought of running a countryside inn or a bed & breakfast? How you would transform a historic building with your own chic style, visit with interesting guests, and serve elegant breakfasts? I wondered if this was ever more than a fleeting daydream and whether it could make economic sense. I decided to investigate how much it costs to buy a small inn or bed & breakfast and what it takes to make it a profitable venture. And then how to go about selling […]
JULIET MOORE’S INTERVIEW
What should a buyer look for in terms of return on investment? Is there any kind of multiplier that you aware of – like x times revenue, x times some measure of income?
While a prescribed return on a business, calculated on a desirable CAP Rate based on the Net Operating Income,is optimal – in my opinion, the short answer is that it is really not realistic with regards to the hospitalitybusiness. One needs to buy a restaurant or an inn because you want to run it […]
45 Years in Real Estate
There are many real estate offices that dot our region. But have you ever thought about what it takes to not just start, but to also run a real estate firm? This month we caught up with David Bain of Bain Real Estate, based out of Kent and Sharon, CT.
When did you start your real estate career?
When I was in graduate school in New York City I looked all over the Tri-state area for land in the country. Finally I found a beautiful piece of land […]
