37839 Cobblestone Lane, Rehoboth Beach, De 19971 | $181,900

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Property Details

Adorable Collection of 9 Cottages. Unit 3 has a full kitchen, full bath, one bedroom, open living/dining room, large screened porch and an outdoor shower. Each Cottage offers central air and heat for comfortable year-round living. This Unique communi
  • MLS Number: 724328
  • Status: Active
  • Price: $181,900
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: Rehoboth Manor
  • School District: Cape Henlopen
  • Square Footage: 400
  • Year Built: 1940
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Number of Stories: 1
  • Unit Floor Number: 1
  • New Construction: No
  • Condo Fee: $2,108
  • Furnished: No
  • Lot Square Feet: 17,066
  • Lot Size Acres: 0.39
  • Lot Description: Cleared
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Laundry Facilities

Interior Features

  • Heating: Heat Pump(s)
  • Cooling: Central A/C, Heat Pump(s)
  • Flooring: Carpet
  • Appliances: Microwave, Oven/Range Electric, Refrigerator, Water Heater Electric
  • Interior Features: Cable TV Prewired, Insulation

Exterior Features

  • Style: Cabin/Bungalow
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Asphalt Shingle
  • Foundation: Concrete Block
  • Parking: Driveway/Off Street, Shared Driveway
  • Porch/Deck/Patio: Porch - Front, Porch - Screened
  • Exterior Features: Outside Shower


Flipping or Buy-and-Hold? Strategic Choice for Rehoboth Beach In

When you own the Rehoboth Beach home your family lives in, you are by definition a real estate investor: it comes with the turf. Your investment is essentially a passive one. Until the day you decide to sell and move on, any improvement in its value is secondary to how well it serves to shelter your family.

How you think about your investment—and how you proceed to manage it—is altogether different when you buy a home purely as a financial venture. For one thing, you face an immediate strategic decision: will you be flipping for a quick short-term profit, or aim for the long term through a buy-and-hold strategy? You have to weigh some pros and cons in order to make the right decision.


Pro: Capital is Freed

A flipping strategy minimizes the amount of time your investment capital is committed, freeing it for other uses. Should you identify another potentially lucrative investment, you will be able to take advantage of it.

Con: Unexpected Challenges

While flipping for short-term profit has definite ‘hands-on’ appeal, first-time investors can be surprised by unexpected complications. Properties that appear to be undervalued (and ripe for a quick flip!) may require costly fixes. Overspending on renovations quickly eats into profits, but underspending can lead to a lengthier holding time. Experienced Rehoboth Beach flipping veterans have learned to successfully gauge a property’s true turnaround value.

Additional Consideration: Taxes

Sussex County flipping has tax implications that impact the bottom line. Profits from a property owned more than a year are generally taxed at the ordinary income tax rate, while a property held for less than a year may be taxed at the capital gains rate. Local and state tariffs need to be considered as well—this is where input from a qualified professional is important.


Pro: Passive Investment

If management is outsourced to a professional property manager, the buy-and-hold strategy will require less personal attention than flipping does. Preparing a property for a flip often involves considerable time commitment and adept contractor schedule-juggling.

Con: Management Costs

The passive investment advantage holds true if outside management is contemplated— with commensurate expense. If you enjoy the challenge of successfully managing a property, this negative doesn’t apply.

Pro: Fewer Properties Need To Be Identified

Ultimately, successfully executing a flipping strategy means scrutinizing a huge number of properties over the course of time. In contrast, a buy-and-hold strategy necessitates finding only a few great bargains. Pursued intelligently, both buy-and-hold and quick flip strategies have proved profitable for many investors. Both call for finding solid value in Bethany Beach properties—which is where giving me a call comes in!

Beyond Spring Cleaning: Inexpensive Renewal Ideas

With spring in the air, you don’t have to have your Delaware beach home for sale to catch the spring cleaning bug. Whether or not you’ve been cooped up inside for a longer-than-usual siege of the wintertime blues, as soon as the weather turns the corner, there seems to be a natural urge to open the windows and start freshening your place up.

Spring also brings the traditional hot selling season, and if you’re among those getting ready to list your own home for sale to take advantage of it, you’ll want to add extra attention to the traditional cleanup. Home for sale or not, you can channel some of your annual sprucing-up energy with one of these light renovation ideas. Each can add new zest to your living areas without breaking the bank:

  • If you want to liven up your kitchen or bathroom but don’t want to shell out for the full cost of replacing the cabinets or doors, consider what simply changing the hardware would do. Take a trip to the hardware department, pick out a sample knob or pull, then test what the change would look like. Sometimes this simple transformation adds a surprising degree of sparkle!
  • If your lighting fixtures are looking a bit dated and dingy, one simple fix is to buy new lampshades. Replacing a whole lamp is expensive and often unnecessary—and new shades can make a much more resounding impact, anyway. If you are planning to put your home for sale on the Delaware beach market anytime soon, best opt for white or cream. Keeping the look bright yet neutral gives you a proven selling advantage.
  • In any room where years of wear and tear have created smudges that no amount of elbow grease can remove, think about painting with a change of color.  It may be a bit more ambitious and costly, but whether you hire pros or do it yourself, the result can make you feel like you’re in a whole new home. As with the lampshade selection, resist the temptation to get overly exuberant and creative: choose neutral color combinations. 
  • If new furniture is not yet called for (or beyond this year’s budget), consider calling in the pros for some upholstery cleaning; then adding new accent pillows.  If your existing pillows are in good shape, sometimes just a few new pillow covers can freshen up a room’s whole look. Designers sometimes recommend picking just one bright color and keeping with it throughout the house.

You don’t have to be planning to list your home for sale in Sussex County to make 2014’s spring cleaning efforts a self-satisfying success. And if you’re planning to list, I have a host of other preparation tips…and a marketing plan designed to bring top results!