Selling or Renting House – Which Is Best?

December 30, 2013  //  Posted by: cooldude  //  Category: Homes & Properties

Selling or Renting HouseObviously any person who is clever enough in the head will always go for the former option that is renting your primary house to another person or people. Instead of selling the property rent it out, refinance it and see that this turns out to be a better option as you go to buy a new home. Refinancing is the best way of investing in real estate such that you are sure that there will be only profits in the future and nothing else.

Economic advantages: this is one big advantage as to why you should rent your house and not sell it. if you are not going through a financial crisis whatsoever and there is no big loan which you have to pay back then renting your property is the best deal. Renting your home also gives you the option down the line to take out a home equity loan if you need to secure even larger sources of debt financing. It ensures a continuous flow of income even without doing any work. This income may prove to be very helpful in difficult times and is a great form of backup in case your business crashes

The main thing about renting a property is of course as a landlord you will have to make sure that the house being rented is in a fit enough position to be living in. For this you will need to make changes here and there and for this funds will go. You will need to spend some money in order to make someone buy your home but this will prove to be a profitable venture in the future when there will money only coming in.

However if you sell the house you need to decide whether selling it is that important and will it prove to be as good as renting it. The profit you get now after selling it or the regular income you get after renting it- which is going to be more fruitful.

Furnished apartments – benefits and disadvantages

December 23, 2013  //  Posted by: cooldude  //  Category: Homes & Properties

Furnished apartmentsBe it relocating, in town for a few days or weeks on business, or simply a vacation, furnished apartments have captured the interests of many. Before trying one out yourself, here are some pros and cons you should be made aware of. Let’s start with the pros.

Affordable: Spending tons on hotels can take a toll on your pocket real quick, especially if you are looking for a luxurious hotel room with a lot of facilities. On the other hand furnished apartments are economical since they have monthly or even weekly rates created to suit your budget.

Feels like home: A major reason of checking out furnished apartments is that it gives a ‘just like home’ feeling. A whole range of amenities that can be used by you whenever you wish to. A fully functioning kitchen complete with oven, stove, dishes, pans, pots, will enable you to make your favourite meals there itself and will save you the cost of restaurants.

These were advantages if you needed a furnished apartment for a temporary trip, lets now talk about relocations.

Main advantage of renting or buying a furnished flat is it takes away the pressure of providing furniture. This is most appropriate for young adults or college pass outs who are maybe moving into their first apartment. Renting furnished apartment is also beneficial for those having very little furniture of their own.
To talk about the cons now, if you already have furniture of your own or plan to buy new, then furnished houses are not the best option for you to purchase or rent. Or if you are going through a tight financial condition, a furnished apartment might not be advisable since its cost would automatically be more than an unfurnished one.

Coming to temporary trips, if you are someone who is accustomed to hotels, or if the trip is extremely short and professional, a furnished place would be a complete unnecessary expense.
Well then, you should gauge your requirements, and make your decision, furnished or unfurnished.

Selling off your property fast

December 09, 2013  //  Posted by: cooldude  //  Category: Homes & Properties

sale propertySelling of a land is a task of immense challenge for the seller and that too in case of economic down turns. Here are some easy tips that you can follow while selling off your land.

a) Clean the property: You must make sure that your property is completely cleaned, repaired and organized before you put it up for sale. It is very essential that the house must look perfect and attractive to the prospective buyers. The major task is to keep the main area clean and neat and free of all the debris and junk. You should also remember to remove all the wild trees and the hideous things that might make the buyers to think once again.
b) Mark the property lines: You should make the use of spray paints to mark the area of the property so that the buyers get a clear idea of the area of land that they are going to purchase. It will help the buyers to focus on the main area and avoid the surroundings that might not be in a good condition. This is done already will help to reduce the time in locating the actual margins of the lane.
c) Talk to the real estate developers: Real estate developers are very much interested in buying plots of land for commercial purposes. So you can go around and look for the developers who are in search of lands. You must call these companies and place forward your offers with the best value of your property.
d) Post an advertisement on the internet: Internet is a very wide place for the land buyers. There are various websites that advertise for the sale of properties. By getting your land enlisted you can get numerous prospective buyers.
e) Offer financial options: You can provide the facility of payment in installments.