Home Interior Trends for 2022 - Charlotte Property Management

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After spending an unusually large amount of time in our homes these past few years, it’s no surprise that home interior trends going into 2022 represent a paradigm shift. These new trends reflect a changing of the times. Rather than simply looking nice for others who happen to drop in, our homes have become a personal haven of utility, functionality, tranquility, and personal expression. If you think it’s time that our homes reflect who we are, what we want, and how we want to live our lives, then 2022 will be the year to do just that.

  • As we’ve been stuck in our homes, we’ve had to be flexible and adapt as we go. Our houses have become offices, gyms, schools, and so much more. This year, design trends are taking this idea and running with it. What if our homes were designed to be multipurpose? What if they were designed with functionality first and foremost? Gone are the stuffy dining rooms only used for special occasions, and gone are the awkward bonus rooms filled with various odds and ends. It’s time to take control of your space and make it work for your life, your schedule, and your activities.
  • Furniture & Decor. As we head into the future, our homes may begin to feel like they’re slipping into the past. Traditional furniture pieces, as well as the spaces they inhabit, may see a return in 2022. Gone are the hard, sharp edges and modern sterility often associated with the style of the future. In its place will come rich fabrics, high-quality materials, and inviting homescapes.
  • Color, texture, and pattern can be used to evoke certain emotions and create an atmosphere. Bold colors and patterns are predicted to make a comeback this year as people reinvent their homes to be more personal, more expressive. Bygone decades, such as the 60s and 70s, will likely be a key inspiration as people learn how to create a comfortable, livable, relaxing home atmosphere.
  • Our homes are no longer bound by four walls. We open windows and doors, and we coexist with plants and animals. Now more than ever, we have begun to invite the outdoors inside. This is reflected in the materials we use, the colors we choose, and the decor we select to accent these elements. In 2022, make a conscious effort to live in harmony with your surroundings.

As you head into the new year, consider some of the latest design trends. Whether you’re moving to a new home or simply contemplating updating your current home, there’s never been a better time to hop on board and redecorate!

How Much to Invest in Landscaping - Charlotte Property Management

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As a landlord, it’s your responsibility to make your property attractive to as many potential tenants as possible. Of course, the most important part is the living space. How many bedrooms/bathrooms? What amenities are offered? How competitive is the rental rate? These things will be at the forefront of renters minds as they are searching for their next home.

But what about the landscape? Surely you want your lawn and foliage to be just as attractive as the house itself. Not only that, but the right landscape design can drastically reduce regular maintenance and even discourage prying eyes. Below are a number of ideas that you may want to consider for your investment property.

  • Choosing the right type of grass for your lawn is essential. Some types are very high maintenance and need regular watering and mowing. In other words, they require quite a bit of upkeep. Research grass types that will thrive in your area, and pick one that does not require constant maintenance. This will make landscape management easier for you and your tenants.
  • Hardscaping or xeriscaping. Hardscaping makes use of tough materials such as brick, stone, gravel, wood, and other naturally occurring elements. Decks, patios, walls, and walkways can be a great use of space, and they require very little upkeep. Hardscaping may be considered a subset of xeriscaping, which is defined as water-conscious landscaping. Less water, less maintenance.
  • Climate-conscious shrubs. Depending on the climate of your rental property, you may be quite limited in the types of foliage that will grow. Consider cultivating local flowers, shrubs, and trees that will thrive in your particular environment, whether hot and humid or cold and dry. This will make it significantly easier to keep them alive and healthy, no matter your skill level when it comes to gardening.
  • Privacy screen. Everyone wants privacy in their own home. Depending on the property and its layout, you might consider planting trees or vines surrounding the house. Not only will this make the property more attractive, but it will make the residents feel secure and block prying eyes from the street. It may even discourage burglars during those times when the house is sitting empty between tenants.

Landscaping may not be top priority when compared to the house itself, but it’s a considerable bonus for potential tenants. Consider investing your time and money into making your property look finished. A lush lawn, a few flower beds, or an outdoor living area go a long way in making a house feel like a home.

Why Hire A Property Manager - Charlotte Property Management

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Being a landlord is a big commitment, especially for those who can’t dedicate 100% of their time and energy to its success. Marketing, finding tenants, and otherwise managing the maintenance and financial aspects of your property can be time-consuming. For those who are new to investment properties, it can be downright overwhelming.

Hiring a property manager may be considered an investment in and of itself. Whether you simply can’t dedicate the time needed to nurture your new source of passive income or your primary residence is not in the immediate vicinity, a property manager will help you every step of the way. For a small fee, you can essentially put your income on autopilot. Here are some of the benefits that come with hiring a property manager.

  • Marketing and pricing. Sometimes it’s difficult to know what people are looking for in a rental property, the positive aspects that you should highlight when marketing. Perhaps even more difficult is coming up with a rental rate that is fair but competitive. A property manager can work alongside you, or even do this for you.
  • Screening potential tenants can take a long time, and there are typically many steps to the process. Background checks, credit reports, and references can all be handled by your property manager.
  • Rent collection. This is the fun part! In practice, however, rent collection can sometimes be difficult. What do you do when someone asks for an extension on their rent? How do you handle late or missed payments? A property manager will take care of this for you. Fortunately, they are typically better equipped to handle these types of situations.
  • From leaky pipes and loose wiring to a stovetop on the fritz, ensuring that everything is running smoothly can be a full-time job on its own. It’s important that tenants maintenance requests take priority, preferably completed within 24 hours. A property manager can fulfill these requests for you, freeing up your schedule to focus on other pressing matters.
  • Geographic diversity. The great thing about property management is that you can expand your reach. Rather than being restrained to your immediate vicinity, a property manager will keep up with your investment wherever it may be located. This is particularly helpful for those that don’t have many viable options in their area.

There you have it. A property manager is an investment, but perhaps you would consider it a necessary one. Whether you’re new to the rental property scene or you’ve been doing this for years, it may time to put your investments on autopilot.

5 Hidden Costs Landlords Accrue - Charlotte Property Management

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Owning and maintaining a rental property is a great source of passive income. But you may find that your position as landlord is hardly passive. Rental properties often require regular maintenance and repairs, and you have to be willing to make the needs of your tenants a high priority. It can be a bit overwhelming… and expensive.

When first getting into this business, you may not be aware of all the little, hidden costs that come with the territory. Those little costs can add up quickly, so make sure you are aware before committing. Here’s a list of 5 hidden costs landlords tend to accrue.

  1. Property tax. Besides the obvious costs that come with having an extra property, sometimes rental properties incur higher tax rates than those that are owned and lived in full time. You may be eligible for a tax break because of its rental function, but calculate the cost and be prepared to pay full price before you commit to a property.
  2. Cleaning & maintenance. The time between tenants should be used for deep cleaning the rental space. Whether you choose to do this yourself or you hire a cleaning service, it will cost you to ensure that your next tenants begin their stay with a clean slate. Even while people are living in your space, you are responsible for consistent maintenance on utilities, appliances, and the structure itself. Make sure that tenants have a way to contact you, and make their needs your highest priority.
  3. Legal fees. Why would a landlord accrue legal fees? Unless you are an attorney or fairly well-versed in the law, you will likely need some legal guidance when drafting a rental contract. You must create a new contract for each tenant, as a one-size-fits-all contract may lead to disagreements or other issues.
  4. Insurance rates. Like property taxes, insurance rates can skyrocket when it comes to rental properties. Be sure you are prepared to take on the extra cost.
  5. While it would be ideal for your rental property to be occupied at all times, the reality is that there will be dry periods. You may have to go for a few months at a time without income. Save a little money on the side so that when the doldrums come along, you are not badly affected.

These are just 5 of the hidden costs that come with a position as landlord. Do your own research and plan every step of the process. When those hidden fees or necessary services come along, you will be prepared to meet them head on.

Your Change of Address Checklist - Charlotte Property Management

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Moving is a lot of work, and your to-do list is probably already a mile long. On top of packing your possessions, filling out last-minute paperwork, and finding a moving company, you have to consider the broader effects that come with changing your location. For example, your address. Think of all the things that hinge on your current address: letters, packages, bills, bank statements, and even utilities such as internet and phone lines. We’re here to help you through the process, shortening your to-do list by compiling some of the important companies and services that you will need to notify when moving.

  • Post Office Unless you want your packages, letters, cards, and other mail to end up in someone else’s mailbox, it’s critical that you let the post office know of your new location.
  • Utilities (gas, electric, water, internet, phone, etc.) The last thing you want when you move into your shiny new home is to find that the electricity doesn’t work and the water has not been turned on. Utilities such as gas, electric, water, internet, and phone lines require your address to properly bill you for their services.
  • Financial establishments (bank, card companies, etc.) Tax and insurance agencies need to know your current place of residence. It’s very important that your bank statements and other personal financial communication not end up in someone else’s hands. Plus, you will need to change the address associated with your credit and/or debit cards.
  • Current employer Whether you are paid via direct deposit or you receive your salary in the mail, it’s crucial that you give your employer your new address. Certainly, you want any emergency communication, tax forms, or pay stubs to end up in your own mailbox.
  • Shopping and subscription services While you may think that updating your address with the post office will solve all mailing issues, it’s wise to alert all services of your move. This will make checkout quicker and easier, and it’s less likely that your mail will be lost on its journey.
  • Physicians (doctor, dentist, vet, etc.) Physicians should be alerted when you undergo a change of address so that their records may be updated and corrected.

While this list will help smooth the transition between homes, please double-check your own records to be sure that nothing is left unchanged. The good news is that most records can be changed at any time after your move. So take time to relax, unpack, and enjoy your new home!

Ways to Attract Tenants - Charlotte Property Management

Roommates

Moving is a lot of work, and your to-do list is probably already a mile long. On top of packing your possessions, filling out last-minute paperwork, and finding a moving company, you have to consider the broader effects that come with changing your location. For example, your address. Think of all the things that hinge on your current address: letters, packages, bills, bank statements, and even utilities such as internet and phone lines. We’re here to help you through the process, shortening your to-do list by compiling some of the important companies and services that you will need to notify when moving.

  • Post Office Unless you want your packages, letters, cards, and other mail to end up in someone else’s mailbox, it’s critical that you let the post office know of your new location.
  • Utilities (gas, electric, water, internet, phone, etc.) The last thing you want when you move into your shiny new home is to find that the electricity doesn’t work and the water has not been turned on. Utilities such as gas, electric, water, internet, and phone lines require your address to properly bill you for their services.
  • Financial establishments (bank, card companies, etc.) Tax and insurance agencies need to know your current place of residence. It’s very important that your bank statements and other personal financial communication not end up in someone else’s hands. Plus, you will need to change the address associated with your credit and/or debit cards.
  • Current employer Whether you are paid via direct deposit or you receive your salary in the mail, it’s crucial that you give your employer your new address. Certainly, you want any emergency communication, tax forms, or pay stubs to end up in your own mailbox.
  • Shopping and subscription services While you may think that updating your address with the post office will solve all mailing issues, it’s wise to alert all services of your move. This will make checkout quicker and easier, and it’s less likely that your mail will be lost on its journey.
  • Physicians (doctor, dentist, vet, etc.) Physicians should be alerted when you undergo a change of address so that their records may be updated and corrected.

While this list will help smooth the transition between homes, please double-check your own records to be sure that nothing is left unchanged. The good news is that most records can be changed at any time after your move. So take time to relax, unpack, and enjoy your new home!

Hot Neighborhoods in Charlotte - Charlotte Property Management

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With so many wonderful opportunities cropping up, there has never been a better time to live in the Charlotte area. Whether you want to live close to the action in the very heart of the city or you want to stick to the outskirts, there’s a place for everyone. The theme for this list is diversity, which should present plenty of options for the influx of people migrating to the Queen City. Thinking about moving? Or perhaps you’re a local who simply wants to know more about your surroundings? Whatever your purpose, here is a list of some of the hottest neighborhoods in the Charlotte area.

  • Beginning in the very heart of the city, this neighborhood needs no introduction. Home to tall skyscrapers and corporate headquarters, this district is also home to around 30,000 people. The shops, restaurants, cultural activities, and nightlife attract many buyers. Will you be one to call Uptown your home?
  • Fourth Ward. Contrary to soaring buildings and busy streets of Uptown, the Fourth Ward offers quiet streets and charming homes. The neighborhood underwent revitalization in the 1970s, and it is now experiencing a social and economic boom. The Fourth Ward might be ideal for those who want to experience Uptown without living in the center of the action. Uptown is within walking distance of many of the homes.
  • University City. Even if you’re not a student at the University of North Carolina at Charlotte, you can still reap the benefits that come with the area. University City is surrounded by the UNCC campus. While not particularly close to Uptown, this neighborhood offers its own selection of shops, restaurants, and venues. If you still want to visit Uptown, the two neighborhoods are linked by the city’s light rail system.
  • An abbreviation for North Davidson, NoDa has become synonymous with the arts. Galleries and live music events are commonplace in this district, as is the atmosphere of joy and community. NoDa is made all the more popular by its proximity to the Uptown area. If you’re seeking a place to connect and cut loose, this neighborhood might be just the place you’re looking for.

Needless to say, Charlotte has a lot going on. The diversity in culture, history, and current social landscape is staggering. Charlotte has often been described as many smaller cities within one large city. With this in mind, perhaps you’ll find your ideal neighborhood as you navigate the Queen City!

How Cold Weather Impacts Homes - Charlotte Property Management

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As we inch ever closer to the end of the year, the mild fall weather will give way to bitter cold and possible winter precipitation. But even as we begin to spend more of our time indoors and take refuge from the cold, how are our homes being affected by the winter weather? It’s important to be aware of possible adverse effects and practice preventative measures to keep your home as weatherproof as possible.

First, outdoor cold will naturally lower the temperature of your home. Nobody likes to feel cold in their own home. We go inside to escape the elements and regulate our atmosphere. As the cold lowers the temperature indoors, residents will want to increase the temperature. Thermostats, heaters, and even fireplaces will have to use more energy to battle the dropping temperatures. More energy means more money spent. During the winter, energy and electric bills can see a sharp increase as people prioritize comfort. This coming winter, save some money by lowering the thermostat a few degrees, or monitor your appliances to limit the electricity used by a fireplace or heater. As you spend time in your home, battle the cold and save money by wearing heavier clothing or using blankets.

Second, cold weather can have potentially disastrous effects on water pipes. If left exposed or unprotected, the water that flows through the pipes will begin to freeze. Water is much more dense than solid ice, meaning the same amount of liquid water will take up less space than it would in its solid state. In other words, water expands as it freezes. This process of freezing and expanding can cause pipes to buckle or burst from the inside. The last thing you want is to spend money repairing damages caused by a broken water pipe. This issue can be prevented by using insulated pipes, or you could even let your faucets drip to keep the pipes from stagnating.

Finally, the winter precipitation that comes with cold weather can have a negative effect on the exterior of your house. Snow, sleet, and hail are not exactly gentle. Be sure that the outdoor materials are weatherproof and can stand the rough treatment that comes with colder temperatures. Also be sure that these materials are energy efficient, able to trap and hold heat inside the house.

As the weather turns colder, start thinking ahead. Save time and money by following the tips above; you and your home will stay warm all winter long. Follow Talley Properties for more tips and tricks on how to save money and add value to your home.

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