Enjoying the equity in your home? Buy an apartment building -increase your tax benefits cash flow and improve your retirement plan. I can help you understand the dynamics of the financial aspects of your transaction.
Investment properties can be quite complex. The basics are easy. Little known fact- it's easier to overpay for a 2, 3 , 4 unit investment than any other property because investment fundamentals are abandoned by your average broker.
You want to be certain not to walk into your local brokers office with the expectation any broker has the skill set to handle these transactions. Call me to discuss your investment property purchase. Start now so you can own a 20, 30, 40 unit building later.
La Grange, Il
Real Estate Companies are businesses just like plumbing companies, electrical contractors, stores, and all the rest. As a property manager, I remember seeking bids to tear down the Motorparts building on Brainard, and Hillgrove Avenues. When we accepted bids, I noticed a huge swing in pricing. Some companies would only charge $12,000 while others were as high as $30,000. Why? Well, the lowest priced company owned their own trucks, and were local. The highest priced company had to lease their trucks, and were a little bit further out. This difference is amazing. So why would a person pay more for services? Maybe people pay more because they have enough money, or perhaps for sport! I don't think that is it. Shopping for real estate services may be confusing. When I worked for Coldwell Banker, the corporate version we focused on marketing. At the time, I was almost hypnotized thinking that they had the supreme marketing, and thought because of their size nobody else could have the marketing. Not true. There are variations in the marketing, yes. Like a big corporate company may not have any other ads on the web page a person is looking at. Thats like me bringing up my goldfish in this blog post. My goldfish does not matter. Neither does slight variations on advertising. Like if the company above who charged so much less to tear down the building. If they had a red truck or blue truck. Who cares?
When I was at Coldwell Banker Residential Brokerage their office was beautiful! Still is. Who pays for that? Does the office do anything for the home for sale? No! Does having an administrative staff help the home for sale? No! Does paying 5% make sense over paying 3%? No! When choosing a real estate company, pay attention to their commission rates, and consider their massive overhead costs. We charge based upon many factors like market conditions, and location, and difficulty to sell. If you live in the 60525, or 60558, you should never over pay for real estate services. Buyers are sophisticated. They find brokers to work with who show them everything on the market. Simple. Save your money, avoid over priced real estate companies. Big real estate corporations expect you to pay big dollars to keep their big offices open. They may even ask you to pay administrative fees. To me, administrative fees are like the end of the car wash where you are expected to tip the guy to dry your car even though they promised to dry it when you first entered.
Adam Butusov (708)415-1432
Now that the market is ramping back up, you can't help but notice all of the construction fences, and trades people in town. There is a pent up demand for new construction in Western Springs. Homes are selling to local buyers who are able to sell their smaller homes for top dollar, along with movement from areas of Chicago like Lincoln Park, amongst others. Western Springs is an ideal place to raise a family, or to just enjoy the benefits of being in a very safe, and easy going community. Western Springs is affluent, safe, and has great schools. We are seeing homes anywhere from 3,000-10,000 square feet being built. It will be interesting to see just how many new construction homes will be built in Western Springs this Spring 2015. To discuss a marketing strategy for your tear-down, older home, estate, or lot - Call (708)415-1432 today! We promise to give you a low commission rate since the demand is very high!
Board? Adam Butusov has leased a space to the Red Rooster Skateboarding Company at 140 N LaGrange Rd. The building is in close proximity to Gordon Park which has a skate park. Adam Butusov, who lives in LaGrange along with his children will buy some boards when the business opens. Red Rooster is planning on opening in Spring 2015. Stop by Red Rooster Skateboard Shop, and get your kids a board, and don't forget the helmets!
The commercial space at 72 S. La Grange Rd. has been leased. This prime retail location will be occupied by The HIT Locker. The HIT locker was represented by Andy Horn of Coldwell Banker Residential Brokerage. The landlord was represented by Adam Butusov, Charles Rutenberg Realty. The HIT locker is a fitness facility specializing in High Intensity Training. The space is in line, and the build-out will have an industrial feel to it, pumping in high volume music, and perfect for those who want High Intensity Training. Downtown LaGrange has landed a great business. The space is located just steps from the parking deck. Adam Butusov can be reached at (708)415-1432.