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Gerald Lucas

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Easy Way For Homeowners To Avoid Probate, You Should Know The Different Between These 2 Kinds Of Homeowners Insurance, NJ Electric Bill Relief Proposed

June 24, 2025 Gerald Lucas

Easy Way For Homeowners To Avoid Probate

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate News:

NJ Gov. Phil Murphy announced a plan in which NJ would provide $430 million with “direct economic relief” to New Jersey energy customers as New Jersey homes are facing electric bills that are up to 20% higher than they were one year ago. 3.9 million ratepayers in New Jersey will receive at least $100 in direct relief, while eligible low-to-moderate income (LMI) New Jerseyans will see at least $150 more deducted from their energy bills.

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Tags Gerald Lucas, real estate tips, real estate strategies, probate, homeowners, property, TOD deed
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3 Most Expensive Home Repairs, Strategy To Protect You From Shady Contractors, Construction Employment Change

June 17, 2025 Gerald Lucas

3 Most Expensive Home Repairs

Real Estate Tip:

Only make small payments to contractors as they satisfactorily complete mutually agreed upon milestones.

Real Estate News:

Construction employment increased in 32 states and the District of Columbia in April from a year earlier.

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Tags Gerald Lucas, real estate tips, real estate strategies, home repairs, expensive
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3 Home Improvements That Don't Add To A Home's Value, How Time Is Money When You Rehab A Property, NJ Housing Inventory Increased By How Much Since January? (Copy) (Copy)

June 10, 2025 Gerald Lucas

3 Home Improvements That Don't Add To A Home's Value

Real Estate Tip:

When you estimate holding costs for a property rehab, consider estimated renovation time as well as the time required to sell the property.

Real Estate News:

The number of homes being offered for sale in NJ has risen 37% since the beginning of the year.

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Tags Gerald Lucas, real estate tips, real estate strategies, home value, home improvements, investment
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