Buying • July 25, 2023

The Pros and Cons of Adjustable Rate Mortgages

by Loren Keim

The Pros and Cons of Adjustable Rate Mortgages

With mortgage rates climbing dramatically over the last year, many buyers are considering the pros and cons of an adjustable-rate mortgage (ARM) when purchasing a home. With a fixed-rate mortgage, the interest rate stays the same throughout the term of the loan, whereas with an adjustable-rate mortgage, the interest rate can change.

As you consider all your options, this guide may be helpful because these loans are more complex than their fixed-rate counterparts.

What are ARM Loans?
An adjustable-rate mortgage (ARM) starts out fixed and then changes to an adjustable rate after a short period of time. During the first three to ten years, you’ll pay a fixed interest rate that is lower than what you’d get with a fixed-rate mortgage. Once this initial period has ended, the interest rate will fluctuate at different intervals.

When you’re approved for the mortgage, you’ll discover how often your interest rate will change after the initial fixed period. If you obtain a 10/6 ARM, the fixed interest rate will last for 10 years, after which your interest rate will change every six months. A 7/1 ARM, on the other hand, has a fixed rate for seven years before switching to an adjustable rate that changes once a year. Market conditions determine whether your rate increases or decreases.

Pros of ARMs
It is important to note that adjustable-rate mortgages provide a number of benefits, including low monthly mortgage payments during the initial fixed-rate period. During this period, you are able to increase your savings before interest rates change, regardless of whether it lasts three years or seven years. It should also reduce your stress levels to have predictable payments after you purchase a home.

Also, buyers who aren’t looking for their forever home yet might be interested in these loans. During the fixed-rate period, you could sell your property without having to worry about the adjustable-rate period if you anticipate relocating, changing jobs, or upgrading to a bigger home in a few years. The interest rate on these loans is limited, and once the initial fixed-rate period is over, interest rates may fall.

Cons of ARMs
One of the risks with ARMs is that your monthly mortgage payments can easily increase. Once the adjustable period begins, your monthly mortgage payments will go up if interest rates rise nationally.

It’s also possible that not everything will go according to plan. Life happens. When interest rates rise, you may find yourself in a situation where you can’t make your monthly payments.

You need to consider a lot when deciding which type of home loan is right for you. Despite the lower initial interest rate on an adjustable-rate mortgage, your monthly payments will become unpredictable after the fixed period is over. Many people find this unpredictability not worth the savings. Before making a final decision, your lender can explain all the loan options available to you, so that you have all the information you need.

Home improvement projects that could decrease the value of your home.

Constant Carpeting
Hardwood floors should not be covered with wall-to-wall carpeting if your home has hardwood floors. When a carpet isn’t in perfect condition, most buyers would prefer it to be removed, which is why carpeting doesn’t add value to a home.

A study by the National Association of Realtors found that hardwood flooring projects have a cost recovery rate of 118%. This means you could increase your property’s value as much as $17,700 by installing new wood flooring for $15,000.

Adding a Swimming Pool
It costs anywhere between $16,000 and $44,000 to build an outdoor swimming pool, which doesn’t take into account ongoing maintenance costs. Swimming pools do not add much value to a home unless you live in a hot climate. Approximately 7% of homes are valued by swimming pools. Prospective buyers might also be frightened off by the potential liability associated with swimming pools.

Converting Your Garage into a Living Space
It can cost anywhere from $6,000 to $24,000 to convert your garage into a living space. While this conversion will increase your home’s functionality and square footage, most buyers prefer the original garage space for storage and easy parking.

Excessive Landscaping
It is easy to make too many changes to your landscaping, which could result in an unattractive and cluttered appearance. Landscaping your home can significantly improve its curb appeal, making it more appealing to potential buyers. Buyers may perceive your yard as difficult to maintain if you make too many changes. If you want to appeal to the majority of buyers, keep it simple and clean.

Too Much Wallpaper
Using the wrong color scheme or pattern may result in a thinning of the pool of potential buyers, even though wallpaper doesn’t necessarily turn buyers away. Depending on the size of the room, the type of wallpaper you use, and whether you DIY or hire a professional, wallpaper installation projects can cost from $300 to $6,000.

While these costs are not that high compared to other projects in this guide, removing wallpaper is a costly and time-consuming job, which may make some potential buyers think twice when they first see a room with wallpaper they don’t like. Performing the wrong renovation on your home could result in your property becoming less appealing to prospective buyers. This could mean fewer offers or even lower sales prices. If you want your renovations to increase your home’s value, remodel the kitchen/bathroom areas, upgrade the appliances, or contact me and I can tell you which features have the best return on investment.

Commercial Real Estate • Newsletters • July 25, 2023

Century 21 Commercial eNewsletter

by Loren Keim

Century 21 Commercial eNewsletter

What’s in this issue?

> Warehouse check-in: Are the goodtimes here to stay?

> Looking ahead at 2023: How will a recession impact CRE?

> Top 10 Life Sciences Clusters in the U.S.

Warehouse check-in: Are the good times here to stay?

Warehouses and other industrial spaces wrapped up yet another impressive year of leasing and construction. With so much going right in this segment of the CRE space, will a possible recession undo the gains from these past few years? While the segment has seen its share of challenges, experts are optimistic about a steady 2023.

A strong close to 2022, despite challenges

The industrial sector was forecast to close 2022 with its second strongest year on leasing activity, with 18% year-over-year growth and vacancies still hovering around the 3-4% range. At year end, 713.6 million square feet of industrial space was still under construction, with port locations fueling much of the growth, according to Commercial Observer.

The industrial sector did begin seeing headwinds in mid-2022, as Amazon canceled or postponed dozens of distribution centers around the U.S., and some 49,000 jobs were lost.

Expansion and high inventories backing off

If predictions for a 2023 recession come to fruition, experts expect developers and brands to pump the brakes on expansion. They should also be calling off the high inventory levels they implemented to meet elevated demands during the pandemic.

2023: Low vacancies should hold

Looking ahead to 2023, warehouse vacancies should continue to remain low. Though retail spending will likely decrease, the appetite for consumer goods products — coupled with customers’ desire for quick delivery and stocked shelves — will keep shipments moving across the country.

Looking ahead at 2023: How will a recession impact CRE?

A strong majority of economic experts predict a recession in 2023. Fannie Mae, along with most economists polled by Bloomberg, affirm a downward shift in economic conditions in the coming year, thanks to inflation, higher interest rates and lackluster economic growth.

The real estate market will feel the effects, as Fitch Ratings predicts a spike in delinquencies on commercial mortgage-backed securities. Here’s a look at how a possible recession would impact the segments of CRE.

Retail: As an outcome of suppressed consumer spending, Fitch predicts a spike on defaults for class B and C mall loans.

Hotel: The good news is a robust leisure travel forecast will temper delinquencies, but a recession would certainly delay a full recovery from the pandemic.

Office: Class B and C properties are at the highest risk of default, as long-term contracts wind down and the higher-end properties scoop up new contracts.

Multifamily: Elevated home prices and mortgage rates will continue to stall home purchases, with a slowdown on new projects thanks to higher building costs.

Industrial: Of all commercial sectors, the economic downturn will have the softest touch on industrial properties. Still, changing economic conditions will prompt brands to rein in new projects and expansions.

Top 10 Life Sciences Clusters in the U.S.

Which metros are emerging as research hubs?

Boston
San Francisco Bay Area
San Diego
Washington, D.C., Area
Philadelphia
Raleigh-Durham, North Carolina
New Jersey
New York City
Seattle
Salt Lake City

Source: JLL

Farm and Land • Selling • July 23, 2023

Harvesting the Perfect Season – Leveraging Seasonal Factors in Timing and Marketing Your Farm Sale

by Loren Keim

Seasons come and go, each bringing its own unique charm to the rural landscape. Just as the agricultural cycle follows the rhythm of the seasons, so too can the timing and marketing of your farm sale be influenced by the ebb and flow of the year. Understanding the impact of seasonal factors can help you make strategic decisions to attract the right buyers and achieve a bountiful farm sale. Let’s explore how to harness the power of the seasons to your advantage.

Spring – Blooming Beginnings

As the world awakens from winter slumber, spring breathes new life into the real estate market, making it an ideal season to list your farm for sale. The vibrant colors of blossoming flowers and lush green fields create an enchanting backdrop that captures the hearts of potential buyers. With improved weather conditions, buyers are more likely to explore properties, making it an opportune time to showcase your farm’s unique features.

Marketing Strategies:

Highlight the picturesque landscapes, blooming gardens, and potential for spring planting activities.
Use high-quality, colorful imagery to capture the essence of your farm during this vibrant season.
Consider hosting open house events or farm tours to attract buyers eager to embrace the beauty of spring.

Summer – Sowing the Seeds of Interest

Summer’s warmth brings not only outdoor adventures but also a surge of interest in farm living. Families and individuals seeking a rural escape or a potential farming venture are more active during the summer months. Utilize the longer days to schedule property viewings and embrace the summer’s recreational allure to showcase your farm’s potential for leisure activities.

Marketing Strategies:

Emphasize the farm’s potential for summer activities like camping, fishing, or horseback riding.
Highlight any water features, like ponds or streams, that are ideal for swimming or boating during the summer.
Use social media to promote outdoor experiences and farm life during the summertime.

Fall – Harvesting the Fruits of the Season

As autumn arrives, the beauty of changing foliage creates an inviting atmosphere for farm seekers. The cooler temperatures make it comfortable for buyers to explore the property without the summer heat. Fall is also a time when many families plan to relocate before the start of a new school year, making it an opportune season to attract potential buyers.

Marketing Strategies:

Showcase the farm’s picturesque autumn landscapes, capturing the charm of colorful foliage.
Emphasize the potential for fall activities, such as apple picking, pumpkin patches, or hayrides.
Use autumn-themed marketing materials to create a warm and welcoming ambiance.

Winter – Cozying Up to Farm Living

While some might think winter is a challenging time to sell a farm, it can present unique opportunities. Winter landscapes draped in snow can evoke a sense of coziness and tranquility, making buyers envision farm living in a winter wonderland. Additionally, buyers in search of agricultural properties may be more serious during the winter months.

Marketing Strategies:

Highlight the farm’s winter charm, such as a cozy fireplace in the farmhouse or potential for winter sports like cross-country skiing.
Use virtual tours and imagery to showcase the farm’s appeal even in the winter months.
Offer incentives, such as lower prices or flexible closing dates, to attract buyers during the offseason.

In Conclusion: Cultivating the Perfect Timing

Seasonal factors can significantly influence the timing and marketing of your farm sale. By aligning your listing with the season’s appeal and leveraging the unique features of your farm during that time, you can attract potential buyers who resonate with the essence of rural living during that season. From blooming springs to cozy winters, each season offers a distinct opportunity to showcase your farm’s charm. Embrace the rhythm of the seasons and let your farm’s story bloom and flourish throughout the year.

If you’re thinking about selling an Equestrian Property, Land Parcel, Rural Estate or Farm, please contact the experienced Farm & Ranch team at CENTURY 21 Keim Realtors. Our team handles rural properties throughout Eastern Pennsylvania, New Jersey and Delaware. Call us at 610-969-7200 or email c21keim@gmail.com

Farm and Land • Selling • July 23, 2023

Cultivating Success – Creating an Effective Marketing Strategy for Your Farm Sale

by Loren Keim

Selling a farm is not just about planting a “For Sale” sign and waiting for buyers to appear magically. To attract the right audience and showcase the unique features of your rural paradise, a well-crafted marketing strategy is essential. From online presence to traditional advertising, let’s cultivate a comprehensive marketing plan to reach buyers and make your farm stand out in the market.

Know Your Farm’s Story: Identifying Unique Selling Points

Every farm has a story to tell, and discovering its unique selling points is the first step in creating an effective marketing strategy. Identify what sets your farm apart from others – whether it’s the fertile soil, breathtaking views, or historical significance. Understanding your farm’s strengths will allow you to tailor your marketing efforts to attract buyers who resonate with its essence.

Highlight the history, traditions, and achievements of the farm to create an emotional connection. Share the farm’s legacy and any significant contributions it has made to the community or agricultural sector. A compelling story can make your farm stand out in the sea of listings and foster a sense of belonging for potential buyers.

Professional Photography, Videography and 360-degree views: Painting a Picture

Images are worth a thousand words, and in the digital age, they can make or break your marketing campaign. Invest in professional photography and videography to capture the beauty of your farm. High-quality visuals will paint an inviting picture for potential buyers and create an emotional connection with the property. Use drone footage to provide an aerial view of the farm’s layout and surrounding landscapes.

Give potential buyers a taste of farm life by offering virtual tours and 360-degree views. These immersive experiences allow buyers to explore the farm from the comfort of their homes, making them more likely to schedule an in-person visit.

My team at the Farm and Ranch division of CENTURY 21 Keim has had several buyers purchase properties sight-unseen from across the country or around the world based on the aerial shots, videos and photos of properties.

Embrace Digital Marketing: Reach a Wider Audience

In today’s technology-driven world, an online presence is crucial for any marketing campaign. Either you or your Realtor should create a captivating website specific to your property or dedicated landing page for your farm, showcasing its unique features and offerings. Utilize search engine optimization (SEO) techniques to ensure your farm ranks well in online searches.

Harnessing Social Media: Tapping into the Community

Social media platforms offer a treasure trove of marketing opportunities. Engage with potential buyers by sharing captivating photos, videos, and farm-related content. Leverage platforms like Facebook, Instagram, and YouTube to build a community around your farm and create a buzz in the digital sphere.

Tapping into Farming Networks: Reaching Agricultural Enthusiasts

Connect with local farming networks, agricultural associations, and real estate groups to reach potential buyers with a passion for farm living. Attend farming events, agricultural fairs, and networking gatherings to create a word-of-mouth marketing buzz.

Showcasing Seasonal Appeal: Highlighting Year-Round Beauty

Each season brings its unique charm to the farm. Tailor your marketing efforts to showcase the farm’s appeal during different times of the year. Use seasonal images and content to give buyers a glimpse of the year-round beauty your farm offers.

Traditional Advertising Methods: Making an Impact

Incorporate traditional advertising methods, such as brochures, flyers, and newspaper ads, to reach potential buyers who prefer physical materials. Local newspapers and farm-specific publications can be valuable advertising platforms.

Hosting Open Houses and Farm Tours: Welcoming Buyers Aboard

Organize open houses and farm tours to provide potential buyers with an opportunity to experience the farm firsthand. Interact with them, answer their questions, and let them immerse themselves in the farm’s unique environment.

In Conclusion: Sowing the Seeds of Success

Creating an effective marketing strategy is the key to a successful farm sale. By knowing your farm’s story, leveraging the power of digital marketing, tapping into farming networks, and showcasing seasonal appeal, you’ll attract the right buyers and cultivate a fruitful selling experience. Embrace the power of storytelling, build an engaging online presence, and let your farm’s allure bloom as you sow the seeds of success in the market.

Uncategorized • July 22, 2023

Splash or Soak? The Soaked Truth about Homeowners Insurance Rates with Pools in 2023

by Loren Keim

Splash or Soak? The Soaked Truth about Homeowners Insurance Rates with Pools in 2023

Picture yourself on a scorching summer day, lounging by the pool with a cool beverage in hand – blissful, right? Having a pool in your backyard can be a dream come true, but it’s not all fun and games when it comes to your homeowners’ insurance rates in 2023. As the tides of the insurance landscape change, let’s dive into the soaked truth about the impact of pools on homeowners’ insurance rates.

The Poolside Perks: Enhanced Property Value and Joyful Summers

Owning a pool can be a major asset to your property. Not only does it increase the curb appeal and market value of your home, but it also transforms your backyard into an oasis of relaxation and fun. Splashing around with family and friends is a perk that’s hard to put a price tag on. However, as the saying goes, with great pool comes great responsibility – and that’s where insurance comes into play.

The Deep End of the Insurance Pool: Added Liability

Pools, like any other luxury, come with their own set of risks and liabilities. In 2023, insurance companies are taking a closer look at the presence of pools when calculating homeowners’ insurance rates. Why? Because pools can be a potential liability nightmare, with the risk of accidents, injuries, and even drownings.

In the eyes of insurance companies, pools are “attractive nuisances” – enticing features that can draw in uninvited guests, like neighborhood kids or curious passersby. As a result, homeowners’ insurance policies with pools may see higher premiums to cover the increased liability risk.

The Dive into Pool-Related Coverage Options

If you decide to take the plunge and add a pool to your property, it’s crucial to assess your insurance needs thoroughly. Many standard homeowners’ insurance policies may not fully cover pool-related incidents or damages, so additional coverage options are essential to keep you afloat financially.

1. Liability Coverage: Staying Afloat in the Event of Accidents

Liability coverage is a lifesaver when it comes to pool-related accidents. It can protect you from potential lawsuits or medical expenses if someone is injured while using your pool. Keep in mind that increasing your liability coverage may come with a bump in your insurance rates, but it’s a small price to pay for peace of mind.

2. Pool Equipment Coverage: Safeguarding Your Pool’s Assets

From pool pumps to filters, pool equipment can be costly to repair or replace. Having pool equipment coverage can save you from a financial belly flop in case of any equipment malfunctions or damages.

3. Pool Enclosure Coverage: Preventing Unwanted Dives

Installing a pool enclosure can be an effective way to prevent unauthorized access and minimize the risk of accidents. Some insurance companies may offer discounts on homeowners’ insurance rates if you have a secure pool enclosure.

The Swim to Lower Insurance Rates: Safety Measures Matter

While owning a pool may impact your insurance rates, there are ways to stay afloat and keep costs from reaching tidal wave proportions. Implementing safety measures around your pool can demonstrate responsible pool ownership to insurers, potentially leading to lower premiums:

1. Fencing and Gates: Keep the Uninvited Out

Installing a secure fence around your pool with self-closing and self-latching gates can reduce the risk of unauthorized access and may positively influence your insurance rates.

2. Safety Equipment: Lifesaving Investments

Invest in essential safety equipment like pool covers, lifebuoys, and reaching poles to show insurers that you prioritize safety.

3. Surveillance Systems: Keeping an Eye on the Pool

Consider installing a pool surveillance system to monitor pool activity and deter unwanted guests.

Swimming into the Future: Understanding Pool Impact on Insurance Rates

In 2023, owning a pool can both elevate your property value and increase your insurance considerations. By assessing your insurance needs, obtaining the right coverage, and implementing safety measures, you can enjoy your backyard oasis while staying afloat in the ever-changing waters of homeowners’ insurance rates. So, dive in wisely, and remember – it’s not just about the fun in the sun; it’s also about keeping your insurance rates from making a splash!

If you’re shopping for the best insurance rates for homes with pools, please contact The Keim Agency powered by Valor Insurance. With more than 100 carriers including the top names in insurance, The Keim Agency can help to find the best rates and coverage for any home with a pool. Visit online at www.ValorInsuranceUSA.com or call 570-807-7872.

Buying • July 16, 2023

The Oasis at Your Doorstep: The Benefits of Buying a Home with a Pool

by Loren Keim

The Oasis at Your Doorstep: The Benefits of Buying a Home with a Pool

In the realm of real estate, a home with a pool offers an unparalleled level of luxury and recreation. Beyond being a refreshing retreat during scorching summer days, a private pool comes with a host of advantages that extend far beyond its aesthetic appeal. In this article, we will explore the numerous benefits of purchasing a home with a pool, ranging from health and well-being to increased property value and social entertainment.

Stay Active and Promote Well-being: A home with a pool provides a convenient and accessible way to stay active and engage in low-impact exercise. Swimming is an excellent cardiovascular workout that strengthens muscles, improves flexibility, and enhances overall endurance. Unlike other physical activities, swimming is gentle on the joints, making it an ideal option for people of all ages and fitness levels. Regular pool usage can promote a healthy lifestyle, contribute to weight management, and reduce stress levels.
Personal Sanctuary and Relaxation: Imagine having a tranquil oasis just a few steps away from your living room. A home with a pool offers an idyllic retreat where you can unwind, destress, and rejuvenate. Whether you prefer a morning swim to invigorate your senses or a lazy afternoon lounging by the water, a private pool provides a serene environment for relaxation. The calming sound of water, gentle breeze, and the sun’s warmth create a therapeutic ambiance that can enhance your overall well-being.
Create Lasting Memories: A home with a pool becomes the backdrop for countless cherished memories. From pool parties and barbecues with friends and family to children’s laughter and splashing games, a pool fosters an atmosphere of fun and enjoyment. It provides an excellent space for socializing and entertaining, allowing you to create memorable experiences for yourself and your loved ones.
Increased Property Value: A well-maintained and aesthetically pleasing pool can significantly enhance the value of your property. In regions with warmer climates, a pool is often viewed as a desirable feature and can attract potential buyers. Homebuyers seeking a retreat or a place to entertain guests often consider a pool a valuable addition. However, it’s important to note that the value added by a pool can vary depending on the location and market trends, so it’s advisable to consult with local real estate experts.
Convenience and Privacy: Owning a home with a pool eliminates the need to travel to public swimming facilities or resorts, saving both time and money. You can enjoy a refreshing swim or soak up the sun’s rays at any time, without worrying about crowds or limited access. Having a private pool also grants you the luxury of enjoying your leisure time in the comfort and privacy of your own home, allowing for unrestricted relaxation.

Investing in a home with a pool offers a plethora of benefits that go far beyond the initial allure of having a personal water retreat. From promoting a healthier lifestyle and creating cherished memories to increasing property value and providing convenient relaxation, a pool becomes a coveted asset that enhances your overall quality of life. Before making a purchase, it’s important to consider factors such as maintenance costs, safety measures, and local regulations. However, for those seeking an oasis at their doorstep, a home with a pool is a valuable investment that promises enjoyment and luxury for years to come.

If you’re interested in buying a home in Eastern Pennsylvania, New Jersey or Delaware (with or without a pool), call CENTURY 21 Keim at 610-395-0395 or visit us online at www.Century21Keim.com

Buying • June 14, 2023

Are Homeowner’s Associations Positive or Negative for Home Values?

by Loren Keim

Homeowner’s associations (HOAs) can have both positive and negative effects on home values, depending on various factors. Here are some points to consider:

Positive Effects:

Maintenance and upkeep: HOAs often enforce rules and regulations that ensure a certain level of maintenance and aesthetic appeal within the community. This can help maintain property values by ensuring that all homes are well-maintained and visually appealing.
Amenities and services: Many HOAs provide access to amenities such as swimming pools, fitness centers, parks, and community spaces. These amenities can enhance the desirability of the neighborhood and potentially increase property values.
Rules and guidelines: HOAs typically have rules and guidelines that govern aspects such as architectural design, landscaping, and exterior modifications. These rules can help maintain a consistent appearance throughout the community, which may be appealing to potential buyers.

Negative Effects:

Restrictive regulations: Some homeowners may find HOA regulations too restrictive, as they may limit certain activities or impose additional costs. For example, limitations on pet ownership or restrictions on exterior paint colors could deter some buyers, potentially impacting home values.
Fees and assessments: HOAs require homeowners to pay regular fees to cover maintenance, amenities, and other communal expenses. High HOA fees or unexpected special assessments can deter buyers who prefer lower ongoing costs, affecting property values.
Enforcement disputes: Conflicts between homeowners and the HOA can arise regarding rule enforcement. Disputes over violations or perceived unfairness can create a negative atmosphere and impact property values.

It’s important to note that the impact of HOAs on home values can vary depending on the specific neighborhood, local real estate market, and individual preferences of potential buyers. Some buyers may value the benefits and stability that HOAs provide, while others may prefer the freedom of no association. Ultimately, it’s advisable for homebuyers to thoroughly research and consider the specific HOA rules and dynamics before making a decision.

Whatever your goals, consider sitting down with a Team Member at CENTURY 21 Keim to discuss what neighborhood might be the perfect fit for your lifestyle. Call us at 800-648-4421 or visit us online at http://www.Century21Keim.com – and remember that we serve Eastern Pennsylvania, New Jersey and Delaware!

Farm and Land • Selling • June 14, 2023

Preparing Your Horse Farm for a Successful Sale: Best Practices

by Loren Keim

Selling a horse farm requires careful planning and preparation to attract potential buyers and ensure a smooth transaction. Whether you’re transitioning into a different venture or looking to upgrade to a new property, taking the time to properly prepare your horse farm for sale can significantly increase its market value and appeal. In this article, we will outline some of the best practices for preparing a horse farm for a successful sale.

Clean and Declutter: The first step in preparing your horse farm for sale is to ensure it is clean, well-maintained, and free from clutter. A neat and organized farm creates a positive first impression for potential buyers. Clear out any unnecessary items, tidy up the barn, and remove any debris or unused equipment from the property. Pay special attention to the horse stalls, arenas, pastures, and riding areas, ensuring they are clean, safe, and visually appealing. Often buyers with horses look first at the barn and second at the house.
Enhance Curb Appeal: The exterior of your horse farm plays a vital role in attracting buyers. Invest in enhancing the property’s curb appeal by maintaining well-groomed landscaping, mowing the pastures, and fixing any visible damage to fences or structures. Paint or stain any peeling or faded surfaces to freshen up the overall appearance. Aesthetically pleasing surroundings can make a significant difference in the perceived value of your farm.
Organize and Update Records: Gather all relevant paperwork, such as property deeds, zoning permits, and legal documentation related to the horse farm. Organize these records and ensure they are readily available for potential buyers and their representatives. It’s also a good idea to update records of the farm’s history, including information on past horse sales, breeding programs, and any notable achievements. Such comprehensive records help instill confidence in potential buyers and demonstrate the farm’s credibility.
Conduct Necessary Repairs and Maintenance: Address any maintenance issues or repairs that could affect the safety, functionality, or aesthetics of your horse farm. Inspect the barn, stables, fences, and other structures for any signs of damage or wear. Replace broken boards, repair damaged roofs, and fix any faulty plumbing or electrical systems. Buyers appreciate well-maintained properties and are more likely to pay a premium for a farm that requires minimal immediate repairs.
Showcase Facilities and Amenities: Highlight the unique features of your horse farm that set it apart from others on the market. If you have specialized facilities like indoor or outdoor arenas, round pens, riding trails, or specialized training areas, ensure they are well-maintained and showcased. Invest in professional photography and high-quality videos to capture the beauty and functionality of your farm. These visual marketing materials will be essential for online listings and promotional materials.
Consider Professional Staging: Consider hiring a professional home stager to enhance the appeal of the living areas and showcase their potential to potential buyers. Clean and declutter the living spaces, and make sure they are well-lit and welcoming. Simple touches like fresh flowers, neutral paint colors, and tastefully arranged furniture can go a long way in creating an inviting atmosphere.
Market Strategically: Once your horse farm is in optimal condition, it’s time to market it effectively. Work with a reputable real estate team like CENTURY 21 Keim who specializes in equestrian properties and has a wide network of potential buyers. Leverage online platforms, social media, and equestrian publications to reach a targeted audience. Host open houses and private viewings to allow prospective buyers to experience the farm firsthand.

Preparing a horse farm for sale requires careful attention to detail and a proactive approach to maximize its appeal in the market. By following these best practices, including cleaning and decluttering, enhancing curb appeal, organizing records, conducting necessary repairs, showcasing facilities, considering professional staging, and strategic marketing, you can position your horse farm for a successful sale. Remember, a well-prepared farm will not only attract potential buyers but also command a higher price, resulting in a smooth and rewarding transaction.

Remember that CENTURY 21 Keim sells farms throughout Eastern Pennsylvania, New Jersey and Delaware. For a no obligation analysis of your farm’s likely sales price and suggestions on staging and marketing, email us at c21keim@gmail.com or call 800-648-4421. You can also view every farm in the region for sale at http://www.Century21Keim.com

Buying • Real Estate News • June 13, 2023

The Top 10 Reasons to Retire in the Poconos : A Haven for Tranquility and Adventure

by Loren Keim

Retirement marks a new chapter in life, a time to enjoy the fruits of your labor and savor the rewards of a well-lived journey. When it comes to choosing the perfect place to spend your golden years, the Pocono Mountains in Pennsylvania emerge as a serene and captivating destination. Offering a unique blend of natural beauty, recreational opportunities, and a thriving community, the Poconos is an ideal retreat for retirees seeking tranquility, adventure, and a high quality of life. Here are the top 10 reasons why retiring in the Poconos is an excellent choice.

Enchanting Natural Beauty: The Pocono Mountains boast breathtaking landscapes, encompassing lush forests, sparkling lakes, and majestic waterfalls. The region’s picturesque beauty creates a serene and peaceful environment, perfect for retirees looking to unwind and reconnect with nature.
Four Distinct Seasons: Retirees can experience the beauty of all four seasons in the Poconos. From vibrant foliage in the fall to snowy winters, blossoming springs, and warm summers, each season brings its own charm and opportunities for outdoor activities.
Outdoor Recreation: The Poconos are a haven for outdoor enthusiasts. Retirees can explore miles of hiking trails, go fishing or boating in the numerous lakes, hit the golf courses, or enjoy winter sports such as skiing and snowboarding. The region offers endless opportunities to stay active and engage in recreational pursuits.
Cultural and Artistic Scene: Retirement doesn’t mean giving up on cultural and artistic experiences. The Poconos hosts a vibrant arts community, with galleries, theaters, and music festivals that cater to a wide range of tastes. Retirees can indulge in concerts, art exhibitions, and performances, fostering a rich and fulfilling cultural lifestyle.
Low Cost of Living: Compared to other popular retirement destinations, the Poconos offer a relatively low cost of living. Housing is affordable, and property taxes are reasonable, making it easier for retirees to stretch their retirement savings and enjoy a comfortable lifestyle without sacrificing financial security.
Active Senior Communities: The Poconos are home to various active senior communities that cater specifically to the needs and interests of retirees. These communities often offer amenities such as fitness centers, swimming pools, organized activities, and social events, fostering a sense of camaraderie and a vibrant social life.
Healthcare Facilities: Access to quality healthcare is a critical consideration for retirees. The Poconos have a range of medical facilities, including hospitals, clinics, and specialist centers, ensuring retirees can access the healthcare services they need conveniently and with peace of mind.
Proximity to Major Cities: While the Poconos provide a peaceful escape, they are still within a reasonable distance of major metropolitan areas. Retirees can enjoy the tranquility of the mountains while also having easy access to the cultural attractions, shopping, and entertainment options of cities like Philadelphia and New York City.
Abundance of Leisure Activities: Beyond outdoor pursuits, the Poconos offer a plethora of leisure activities for retirees. From shopping at unique boutiques and outlets to dining at charming restaurants and exploring local wineries, the region provides diverse options for relaxation and enjoyment.
Sense of Community: Retiring in the Poconos means joining a warm and welcoming community. The region is known for its friendly residents and strong community spirit. Retirees can find opportunities to get involved in local organizations, volunteer work, or join social groups, creating meaningful connections and a sense of belonging.

Conclusion: Retiring in the Poconos offers a perfect blend of natural beauty, recreational opportunities, cultural experiences, and a tight-knit community.

If you’re considering retiring in the Poconos, please call the Pocono Home Team at CENTURY 21 Keim Realtors. 570-476-1851 or visit us online at http://www.Century21Keim.com

Insurance • Renting • June 12, 2023

The Importance of Renters Insurance: Protecting Your Home and Peace of Mind

by Loren Keim

Renting a home or apartment offers many advantages, such as flexibility, reduced maintenance responsibilities, and the freedom to explore different neighborhoods. However, amid the excitement of finding the perfect rental, it’s crucial not to overlook the importance of renters insurance. While your landlord’s insurance policy covers the building itself, it does not extend to protect your personal belongings or provide liability coverage. There are many important reasons why securing renters insurance is a wise and essential decision.

Protecting Your Belongings

Your personal belongings hold significant value, both financially and sentimentally. In the event of a disaster, such as a fire, burglary, or natural calamity, renters insurance provides coverage for the loss or damage of your possessions. From furniture and electronics to clothing and jewelry, having insurance safeguards your belongings against unforeseen events that can disrupt your life. The cost of replacing everything you own can quickly become overwhelming, making renters insurance an invaluable investment.

Liability Coverage

Accidents happen, and as a renter, you can be held legally responsible for any injuries or property damage that occur within your rented premises. Whether a visitor slips and falls or you accidentally cause water damage to a neighbor’s property, the liability coverage offered by renters insurance can protect you from bearing the full financial burden of legal fees, medical expenses, or repair costs. It provides a safety net that shields you from potential lawsuits and financial strain, allowing you to focus on resolving the situation rather than worrying about the financial repercussions.

Temporary Living Expenses

Disasters such as fires, floods, or severe storms can render your rented home temporarily uninhabitable. In such instances, renters insurance often includes coverage for additional living expenses, providing financial assistance for temporary accommodation, meals, and other essential costs while your home is being repaired or rebuilt. This coverage ensures that you have a comfortable place to stay and helps ease the burden during a difficult time.

Affordability and Accessibility

One common misconception about renters insurance is that it is expensive. However, the truth is that renters insurance is generally affordable, with premiums typically ranging from $15 to $30 per month, depending on various factors such as location, coverage limits, and deductibles. Considering the protection it offers and the potential financial risks it mitigates, renters insurance is a cost-effective investment in your peace of mind.

Obtaining renters insurance is also a straightforward and accessible process. Many insurance providers offer online quotes and streamlined application processes, making it easy to compare options and choose a policy that suits your needs. Some insurance companies even offer discounts for bundling policies or installing safety features in your rental unit, further enhancing affordability and convenience. At the Keim Agency, our team is able to provide quotes from dozens of carriers to find the best and most affordable rates.

Conclusion

While you may not own the physical property you reside in, your personal belongings and liability risks are still very real as a renter. Renters insurance is a crucial safeguard that protects your belongings, provides liability coverage, and offers financial support during temporary displacement. With its affordability and accessibility, securing renters insurance should be a top priority for every renter. By taking this proactive step, you can enjoy the peace of mind that comes from knowing you are adequately protected, allowing you to fully enjoy your rented space without unnecessary worry.

To find out more about renter’s insurance, please visit us online at www.ValorInsuranceUSA.com or call us at
(570) 807-7872.

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