Houses Vs Land: Investors Viewpoint

Buying land or a house depends on the buyer and their purpose for buying. You can buy land at much lesser price than a house. You can choose to increase your earnings by buying land at cheaper rates. You can build up a fence around the property. You can get land at fairly reasonable prices, which is easily affordable to you. You do not have to worry about a financial organization financing you, and there are less issues with other household charges. If you want to sell your land at a higher price than what you have bought it, you can simply put your land details online. There are many websites, which offer services free of charge or at minimum charges. If you have bought the property at an affordable rate, you can choose to sell your property to a wide range of buyers with different budgets. If you choose to build your house on the land, then you can build depending on your budget, with a small or a big house and many other facilities. Therefore, venturing into land investment can be very fruitful. The land investment is less money and less time consuming. Similarly, let us take a look at the housing property and its benefits. When you buy a housing property, you get a ready made house, which you can use for commercial means. You can put your house for rent and create earnings.

In order to use your house for commercial means, you can look into some aspects before buying it: • The house should be near public facilities like transportation, shops and schools. • Nowadays, a family requires spacious houses with 2 bedrooms at least; therefore, on the basis of demographics of the area and people residing, you can select your property. • It is better to have a house which is closer to the city, at least within 50 kms. • You must know about the region. Check out whether it is industrial, employment based, a more college-going crowd, etc. Depending on that, you will get your customers. • You can ask the local council about any future plans of expansion of amenities in the area. • You can even search about the population coming into the region, is it rising or constant. •

You can check about the rents in that particular region and compared with adjoining areas. With respect to the housing property, there are a variety of properties you can invest in, they are: • • Home Units • • Vacant Land • • Service Apartment • • Holiday Apartments • • Hotels • • Retirement Villas Therefore, as you can see, a land or housing property, both has its advantages and disadvantages.

If you do the study about cons, you will come across people who have lost their money on housing properties or serviced apartments and likewise, some have gained good returns in bad times.

Buying a land property can be risky, because there are many opportunities waiting to get your money on fake land properties. There are many ways to know the authentication of the land. You must not buy land without investigating it thoroughly. Therefore, before venturing into any kind of real estate, you must know your investment strategy. The next thing is the type of property you are interested in. The third aspect is your intentions with the property, whether you want it for commercial use, or you want it for personal use. All these three things should be clear in your mind before even going to visit the property. After you are clear about these aspects, only then you can start your search for a housing property. There are display or sample houses built to give a customer an image as to how their houses will look. These houses are given the best interiors to showcase the house in the best manner. Therefore, the customer should be impressed by looking at it. Different families have different requirements, depending on that you must venture into the house.

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Easy ways to add value to your home

Are you truly thinking about selling your home? If yes, then it is time to grab your old toolbox out of the garage. Be ready to get your hands dirty. The real estate market is becoming increasingly competitive. It is true that the price of your home is largely determined by market conditions; however, there are some easy ways to add value to your home.

Making your home aesthetically attractive before sale, is of great importance. The first impression is the last impression, and your home should leave a solid impression in the minds of potential home buyers.

Do you know the term ‘turnkey’? A turnkey home is the one where a buyer can move in instantly and start living happily without any worries about unfinished projects that obstruct regular home usage. The houses close to turnkey standards definitely have higher rates. Let us have a look at some simple ways to add to your home’s market value before you put it on sale-

• External Walls, Landscaping and yard lighting-

The outside of your home is the first thing a potential buyer sees. Obviously no one will invest in an old, ugly, dilapidated place. Try to make the entrance clean and attractive. If the walls are made of weather-board, check out if any replacement is needed. In case you have a brick home, get all gaps filled. For rendered walls, fill the cracks with fresh concrete. If a paint job is needed, do it!  Your home will look modern and pleasant with new paint. Fresh new colors will attract more buyers.

People definitely love a nice external appearance with a well maintained yard. You can change the old and tired look of your yard by investing in shrubs, new soil, trees or rockery. All these things will give a new life to your yard. If your yard looks boring, dead or messy, then potential buyers may be distracted. Your yard should actually look inviting so that potential buyers start to imagine themselves relaxing and sitting back in the yard with a cup of coffee and a book. Put new lights wherever necessary. It will create a new atmosphere. You can get a stylish yet energy efficient range in the market easily.

• Windows and Doors:

Doors and windows play an important role in keeping your home aerated and fresh, besides adding aesthetic values to your home. If your budget allows, invest in replacing old windows and doors with modern energy efficient stylish options. A house with energy efficient, attractive and environmently conscious doors and windows will definitely have more market value. Today, numerous options are available. You can even shop for the same through the internet. Check out the current trends and the options, which will work best.

• Internal floors- Nowadays, people always want their home to be stylish and easy to clean. Flooring is an essential aspect that adds value to your home. Your flooring should uniformly unite all of the various areas in your house. If your carpet or floor needs repairs, then get these fixed to avoid possible bad impression buyers otherwise may have had.
• Kitchen- A kitchen is an integral aspect considered while buying a house. If your kitchen needs your attention, then look for bench-top replacements, water taps or cupboards repair. Think about your potential buyer. Look at websites to get ideas about making the space more functional yet inviting.
• Toilets and Bathrooms-:

Aesthetically appealing, functional and user friendly bathrooms and toilets will attract more buyers. Investing in new cupboards, showers, bathtubs or toilets can make a big hole in your pocket. Here you need to act smart and make necessary changes within your budget. Try to repair small details like bathtubs and chipped sinks. Replace old light fixtures. Clean your exhaust fans.

Is this all overwhelming to you? Do not worry! First of all, plan your budget, list out essential repairs and then think wisely to make your house appealing to buyers in an easy yet cost effective way.

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Choosing An Office To Rent: Considerations

An office is the foundation for any type of business. Every entrepreneur requires an office, and depending on the kind of business they choose, their office location and interior for the office. There are numerous important features that should be well thought-out by everyone looking for an office location for rent prior to making the final choice.

It is not that simple to rent an office. You need to give a good amount of forethought before choosing an office to rent. You need to consider how much time you will spend in the office. The two important factors that should be thought about are, location and cost of the office, and then there are many other details that you need to consider.

A location or site of your office is very important for the success of your business. Check out essential services available including public transport links, good access to local facilities, and free car parking. These are the essentials that staff finds advantageous in a work place. Likewise customers should be able to access the office premises easily. It might happen that depending on your business, a nearby airport could be a plus point for you and your client. You can even hire a transport service for your client convenience. Therefore, the important thing while choosing your office to rent is that your office must be near the easy transport links like railway station or airport.

Below are given the considerations that must be looked upon while choosing your office to rent:

Expansion- In view of the fact that you will most likely be in the same location for a long time, ensure that you think about the future expansion of your business. When you choose an office you must have decided to stay there for some time. It is very difficult to relocate your office. It will create difficulty for your clients and your staff, as well. Therefore, when you choose the office, you must think about the space. You should be able to accommodate further expansion of your staff and your business in the future.

Renovation- Prior to consigning yourself to a contract, see whether the owner has thought about the renovation of the common places in the office like the hallway, reception, or toilets. Preferably, the owner should be prepared to consign to a legal commitment. You must also see whether you can make some changes in the office space according to your business activities.

The rent price

Obviously, this is the first thing any individual will be looking for while choosing an office to rent. This indicates that the rent price should always go along the budget that you have decided for your office and also it should be covering the facilities accessible in the office. It is always wise to avoid going for a very costly office when there is no requirement to spend extremely. Similarly, going for a lower priced office is also not advisable because, along with your business efficiency, a good presentation and the first impression is also important. You must have good quality amenities and good office infrastructure to run your business successfully.

Local employment market

Getting employment from the surrounding area is very wise. Therefore, you must see that you hire staff who reside nearby. This is particularly significant if the office for rent is situated far from the city or if you are planning to relocate.

Office location

Depending on the kind of business, you will have to choose an office location. The office location is significant for the success of your business. There are kinds of businesses which are more suitable in the center of the city, and likewise, there are businesses which are more suitable on the outskirts of the city. Therefore, the kind of business can determine the location of the office. But if the matters are more complex, then you can decide according to the frequency of the clients, whether to be in the city or outside.

While choosing an office to rent, location and space are the most integral aspects and you cannot compromise with these things. The perfect spacing can give a good interior to your office. This helps to make the office clutter free and the office looks welcoming and spacious.

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Quick tips to find ideal property below market value

More recently people have realized the profits in property buying. Obviously, they are venturing more into property buying when prices are low. You will easily get good property at low prices in areas away from the city. People have now realized the long term stable profits from property investments and therefore, they are ready to invest in property.

Today, the number of house repossessions has increased, which means that the lenders sell the houses at lower prices in order to get their loan amounts. This has created a great opportunity to get a house at lower prices than the actual market price. This has given people a chance to buy great properties at cheaper rates.

Earn a lot from your housing property-

You can renovate your house and rent it at high prices. The more you give them facilities, the more you can charge for them. You need to invest a lot in order to get good profits from it. Today, people need modernized houses with all the amenities. Therefore, you can see great profit from subletting such houses with facilities. So you get immediate returns from the property. You can even get rent which can cover your monthly mortgage payments. This is the right way of making money and your property prices will always increase day by day.

You must always be on the lookout for good prices and good locations, generally, second home buyers, investors, couples with no children and singles, can get huge profits from these opportunities. A single person can buy a two bedroom condominium but can let go if there is not one with a good price difference. There are many locations which are little odd than the city areas. You can find houses with low prices in such places, and couples with no children can go for this purchase if the price is less.

Sense the market timing –

The best tip to find an ideal property below market value is to sense the market timing. The most helpful sign of a property that can be bought at below market price is one that has been listed on the market for a longer-than-usual period of time. Realtors get such information through many services that are always on the lookout for such properties in order to inform their clients. This is a very crucial sign. If the property has been listed for a long time, then the seller will feel like selling at the best price they can get. This offers a chance to get a property at a low price.

If you get information that a seller has relocated to another house or is residing at a rental house waiting for the property to be sold, this is an indication of getting a low price purchase.

The choice of realtor is very crucial.

The buyer must know the intentions while working with a realtor. Generally, the agents do not have much knowledge but the realtors have good information whether the seller has any intention to sell the house at certain prices. The agents have many legal restrictions while carrying out these proceedings but the realtor can give you great profit opportunities.

The best way to go through this tedious procedure of passions is to keep it simple. When the property is being sold at an under priced offer, then the contract must be clear and transparent. There must be a letter from lender for pre approval of the procedure with contract letter which suggests the approval of credit. This gives the security to the seller that the buyer will be providing the loan credentials legally. A transparent contract with a considerable earnest money put down and a quick resolution is much better for being established at a below market price.

All above tips will help you find ideal property below market value. You need to identify the signs clearly and definitely you will get good returns by investing wisely.

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Buying residential Real Estate for Renting - Points to Consider

Do you want to buy a rental property? Well, the industry now seems to be on the road to recovery from very low prices; is this a good time to invest in properties? Definitely, the price of the property you buy is indeed very important; however, there are various other factors that you need to consider to ensure that the deal is profitable.

Advantages of Owning Rental Property

Like every other thing, owning real estate property definitely has its pros and cons.  Of course, buying a real estate property is very profitable, as you are investing in a tangible asset that you control. You can earn money with:

Appreciation- It is the increase in value of a property over time.

Income or cash flow results when the rent collected from a tenant is greater than the expenses, including insurance, repairs, property taxes, mortgage payments, and maintenance.

Let us have a look at some points that will help you make a smart decision and invest wisely:
Consideration 1: The amount of rent you can expect: When you are investing money in a property with the aim to rent it out, you have to be assured of a rate of return. This rate should be more than the rate of interest you need to pay for a bank loan. If you are not taking any bank loan, then this rate should be greater than what you get from a rate of interest offered by banks. Some sorts of properties can offer you better returns but you need to invest more for it. Look for a property that will continue to give returns over a long period.
Consideration 2: Expenses: you are planning to invest in a property. As the owner of a residential property, there will be both fixed and variable expenses. Insurance, taxes, etc. are fixed expenses and you will need to pay them annually. It will also include maintenance costs and occasional repairs. Electrical, Plumbing, etc. are your responsibility and not that of the tenants, so you have to pay for it. A well maintained property can easily attract tenants and will give you best returns with the right kind of rent.
Consideration 3: Location of the property: You are going to get the desired returns worth your investments, if you find the right kind of tenants. You have to think from a tenant’s point of view. As potential renters assess the property by its location, nearby amenities, etc., you have to think about all this when you are buying a property for renting out. Examine all relevant factors before investing your hard earned money in real estate property.
Certainly, buying a residential property is a really great way to make money, provided you focus on the strengths and eliminate all risk factors. You can take experts’ advice and assistance before buying a residential property to rent out. Here are some tips that will help you in this regard.  

1. Make sure that your personal finances are in order. Do not buy a rental property unless you have a healthy emergency fund. There are various expenses associated when you buy a home and you should be ready for it.
2. Consult a mortgage lender or broker to find out if you can afford to make an investment.
3. Do thorough research. Ask property managers, real estate agents, or other experts in the area about realistic expectations to charge for rent.
4. Invest in properties at good locations. For targeting good rentals and tenants, seek good quality neighborhoods along with amenities and proximity to public transportation, employers, park, hospitals, schools, etc.
5. Inspect the property you are planning to buy before finalizing your decision. Always utilize professional inspections to determine if any repairs are needed.
6. Understand the rules. There are state and federal laws regarding rental property and one must not violate the rules.

With all above considerations, it will be easy for you to make a smarter decision. Think about every aspect of buying a residential property for renting. Rather than calculating only the financial aspect, take each and every factor in mind.

© Global Realty & Investment Corp 

Tips to sell a home during the holidays

Are you planning to sell a home during the holiday season? Well during the holiday time, from November through January, it is usually thought to be the worst time to sell a home. Though the thought of putting your home on the market during the winter months may hamper your spirit, the winter season does offer some benefits. Often, holiday buyers are more likely to be more serious. This can mean a quicker sale. Further, as only few homes are actively marketed, there is less fierce competition. If you are planning to sell a home during the holidays, then decide if you really need to sell. Here are some tips that will help you in your endeavor-

Decorate it, but never go overboard.

Generally, homes look great during the holidays. However, you should not overdo it on the decorations. A crowded house with too many décor items may distract buyers. If you have a dining room, stage it for a holiday dinner. Rather than religious themes, prefer general fall and winter decorations. Keep your holiday decor ethnically neutral.

Look for a trustworthy real estate agent-

As many estate agents disappear during New Year, Thanksgiving or Christmas, you can look for someone who works hard during the holidays even.  Ask your relatives, friends, family and neighbors if they can suggest a listing agent. Asking for referrals will ease your stress. So you can enjoy the season.

Hunt for motivated buyers-

Consult with your real estate agent about targeting buyers on a deadline. Track investors on tax deadlines, people relocating for jobs in your locality, military personnel, college staff and students, etc.

Be clear about a few, show times and dates-

Help your agent or broker to schedule a showing for your home. In general, agents show multiple properties in a couple of hours. If you do not allow the agent to show the house, then buyers may have another dozen choices that are vacant. You can set a show time, which will make it easy for the agent to schedule the visit. Remember, when you are putting your home for sale, do expect some inconvenience and irritations. You have to compromise with your enjoyment too.

Set a price to sell-

Anyone will be happy to have a home that's priced low for the market. Instead of making small price reductions gradually, it is advised to cut prices prior to putting a home on the market.

Exterior of your home-

It is well known that when a house is put on the market, curb appeal should be a top priority of a  homeowner. During autumn, when the trees start to lose their leaves, it becomes even more important to maintain the exterior of your home. Clean the gutters and touch up the paint. Clean up the yard and try to remove snow, ice and leaves from stairs and walkways.

Take top-notch photographs -

During the holidays, when the weather outside is appalling, homebuyers prefer to begin their house hunt without leaving their homes. They prefer to browse listings on the Internet. You can impress buyers by offering lots of high-quality and flattering photographs of your home.

Attract house hunters by creating a video tour-

During the holidays, you may get less foot traffic. However, you can take advantage of the latest technology to attract visitors. Shoot a video tour and post it on the Web. This will attract house buyers who would not drive during a snowstorm or cannot physically see your home. Home hunters will certainly love the virtual visit to your home.

All the above mentioned tips will help you in your quest to get the best deals easily in the holidays even. Think wisely and act smartly and get ready to enjoy the holidays with a good deal for your property as well.

© Global Realty & Investment Corp