Great Home Improvement Ideas to Apply

October 13, 2014  //  Posted by: Cheney  //  Category: Property Investments

Home ImprovementMany of the homeowners go complaining about getting zero return on what they invested. This usually happens when you go on renovating and remodeling without making proper research work. So, before starting up with the improvement in your home, check out what to improve which can bear a good return in the future period. Here are some of the basic home improvements ideas which have prove to be successful in getting you desired result.

 

 

  • Indoor systems

Before you go to the minor and cosmetic improvements in your home, make sure the major systems of your home are up to date. If not primarily make a focus on them.  Major system of your home involves the                electrical, plumbing, heating and sewer systems. If any of these systems are defaulted make you make them repaired or replaced first. Buyers pay much focus on these things. They always want an assurity that they don’t get into trouble of replacing or repairing this stuff in the near future. These are the stuff which is generally caught in the home inspection report also. So make sure the major system of your home is up to the mark. Take care about the old roof and the wiring issues.

  • Outdoor replacement

Replacement projects are more successful when compared to remodeling projects. The value addition to your house is more likely attained in case of replacement projects. While replacing you should pay more attention in replacing the garage doors, siding of your house, windows and front door. It will add good appeal along with a good return.

  • Attic bedroom

An attic bedroom is really a stunning addition and a step of home improvement. It is considered as the number one project for home improvement. It really gives an added space to your house.

  • Refurnish the basement

Conversion of basement into a furnished room is a fantastic home improvement idea. A vast conversion of an unfurnished storage space into a furnished and glorified attractive usable room is a big addition to your home. Some really cool stuff when added in basement can attract a lot of buyers to die for your basement like               big screen TV, overstuffed couches and the cushy carpeting. You can also have a pool table, dark hardwood floors, wet bar or even a poker table. If you have an idea of converting it into kids a room then you can have soft furniture like beanbag chair, playset, arts and craft table and shelves for books and toys.

  • Small and tiny home improvement

There are small any miscellaneous home improvement things which can contribute in increasing the value of your home. These small changes include alarm systems and water filtration system. If you want to go little high level and want to give a luxury touch then you can have upgraded dishwasher, built-in wine coolers, whirlpool bath tubs and also spa kind of features in the bathroom. These are really unique and cool changes to make.

What Is A REIT And How To Invest In It?

February 01, 2014  //  Posted by: cooldude  //  Category: Property Investments

REIT investmentReal Estate Investment Trust or better known as REIT is a good way to generate a considerable amount of capital and at the same time get a reliable cash flow. In addition to all this the investor will also have an advantage of an asset backed security. But the only catch to this type of investment is that they have to be long term. The name real estate investment should strike a note that they are not for short terms. REIT is a good choice when the economy is down and the mortgage rates are way high than what they should be. You might ask the procedure to invest in REIT. Here are some easy steps that will help you:

• The first thing is to get qualified for REIT. This is possible if you invest a minimum of 75% of your total assets in the given real estate. This is the first stage. After that comes the taxable income which has to pass 90%. One thing that would a benefit for the investors is if someone is investing in REIT then there are no obligations to pay corporate taxes.

• Second point is the yield that would result after the investing in REIT. With the yield you can invest further in another REIT policy or else you can take home the money. The benefit of investing it further is the fact that the interest will be compounded annually which would result to a much bigger figure. Suppose you have invested 1000 bucks and the interest is approximately 4%. The yield you get after 2 years, if you plan to invest it further then the rate will increase which will in turn increase the total amount of money which you invested initially.

That is why investing in REIT is becoming so popular these days. It is a win-win situation for the investor.

Common Mistakes that you do while Investing in a Property

November 22, 2013  //  Posted by: cooldude  //  Category: Property Investments

Investing in a PropertyThere are various risks involved in investing in a property. There are a lot of fake sellers who try to get the maximum out of the deal for which they even lie or hide certain facts when they find that you are really interested in buying the property. Such facts are very important for you to know. Such complicated tasks can be performed better by experts or the real estate agents. Such agents are very experienced as they have worked in the extreme economic changes. You should avoid certain mistakes that you often tend to make if you are a first time investor or a beginner in this field.

a) The very first mistake that you commit is in the selection of the agent. Real estate trading is a very open business where inexperienced agents are available very easily. Choosing such an agent can make you commit serious mistakes while investing and can cost you a lot of money.
b) You often end up paying huge amount of real estate commission if you do not talk to the seller directly and rely on the agents.
c) You must also check the real estate in which you are dealing in. The condition of the walls. The paintings, doors and even the basement must be checked for flood damage.
d) You must also have a complete list of the requirements that you want in your property. Such lists must be given to the dealers so that they can help you strike a deal accordingly.
e) You must also go through the websites of the various dealers and do your bits of homework before you actually start dealing with one. You should compare among the various dealers as well,
f) You must also look into the neighborhood schools and the community of that particular locality. Such inspection makes it comfortable for you to live in that environment.

Thus you be careful of the above common mistakes.

Housing Bubble Burst discourages to invest

November 05, 2013  //  Posted by: cooldude  //  Category: Property Investments

real estate investmentInvesting is real estate is a much safer option than any other investment plans. It has a good rate of return and can be liquidated within a shorter span of time than in government or private bonds or stocks. With early withdrawal of money, the penalties imposed on real estate investment are not very high or stiff. It does not involve the loss of a large sum of money. Under normal circumstances a real estate appreciates by 4% per annum which means that within a span of 5 years the value of your real estate investment can go up by 20%. By remodeling your house slightly you can see that the value or returns from it will be higher.

With a wide variety of investment, real estate investment pays off well. Due to the limited supply of houses in the short span of time, as houses cannot be built overnight, and sufficiently large demand from the people housing can be quite valuable. People are still looking for safe places to live in at an affordable range, which further pushes up the price of housing.

Last five years has witnessed a huge jump in the real estate market which caused more and more people to invest in it. But it is no longer safe to invest in the real estate market any longer. Due to the housing bubble burst in US during 2007-10, the demand for housing is going on falling as people are now afraid to invest in it. Higher interest rates and higher prices make owning of a house even more expensive for new homebuyers. Due to excessive demand the inventories that were built during the time when the real estate bubble was built i.e. the boom time, are now left idle which causes the prices to rise further. Therefore even though the supply is more or less stable now, there is very low demand.

Property management rules to follow

October 18, 2013  //  Posted by: cooldude  //  Category: Property Investments

Property managementThere are certain rules that you should follow if you are planning to keep tenants and enjoy a profitable land lording experience—

The first rule that you should follow is to choose the correct tenant. It is not an easy job always as because the right tenant will be the one who will love your property. Now the question arises that how would you understand whether the person liked your property or not. The answer should be ‘your sixth sense’. If the person after inspecting your house asks you what is the total procedure to stay in this house, then you should be able to understand that the person loved your house. On the other hand if the same person after looking through all the rooms of your property says that he can only decide after looking at 2 other places, then it will be clear to you that he is not quite interested. Thus in this way you should take enough time and choose the correct tenant for you.

After the tenant is chosen, the next rule should be obtaining the correct amount of deposit that you require. This deposit amount should be paid in cash or money order or cashier cheque if the movement is a fast one. Cheque payments should be re-checked and preferably should not be allowed because it can be returned even after 10days as a bad cheque issue or due to stop payment.

Making an agreement between the land lord and the tenant is the third rule that is a must before allowing the tenants to stay in your property. Legal papers can never be made by you; an attorney is required to do so. You should visit the court to make the agreement where rental duration, rent payments, what can happen if the tenant doesn’t comply, the penalties that will be charged if payments are made late etc should be mentioned. If these basic tips are followed, you can make your land lording more enjoyable as well as profitable.

Many Advantages Of Investing In A Property

June 02, 2013  //  Posted by: cooldude  //  Category: Property Investments

Investing In A PropertyThere comes a point in life when people do think about investing their money in certain things. Most of them usually invest in jewelry, stocks, bonds etc. But the easiest and safest option for any person would be to invest in a property. This article will highlight certain advantages of investing your money in a property.

Property becomes a great source of income if you rent it to a person in return for a monthly or yearly payment. The value of any property increases overtime. Incase an emergency crops up and you need money then you can sell the property in which you had invested your money and get more than what you had invested earlier.

Investors do not dominate this investment market. Thus you are the master of your own property. Any person can invest in properties as there are no definite criteria required for investing in properties. Tax benefits are a part of investing in a property.

What is mortgage insurance?

May 27, 2013  //  Posted by: cooldude  //  Category: Property Investments

mortgage insuranceMortgage insurance is nothing but an insurance of paying away the mortgage loan that you might have taken. It looks over your loan and makes sure that you pay the loan back. If due to some problems you are unable to pay the loan then this insurance pays that loan on behalf of you. There is a mortgage life insurance that goes along your life to ensure that if you face an untimely death then they pay your mortgage loan. Some of these loans also ensure that they help you in getting a benefit during some illness and disabilities.

These insurance have a premium that is calculated according to the value of the loan to be paid. There are many different types of mortgage insurance available in the market which is as follows.

  • Private insurance is issued when the down payment is less than 20%. Here the premium rate is 1.5% to 6% of the total loan amount.
  • Borrower paid insurance is another mortgage insurance that is taken on terms of the default in the mortgage. The premium of the insurance is paid by borrower. This insurance comes without any down payment.
  • Lender paid insurance is last mortgage insurance. In this the lender pays the premium of the insurance.

2013 real estate investment guide

May 07, 2013  //  Posted by: cooldude  //  Category: Property Investments

Real estate investment, real estateReal estate is an ever blooming industry. Since need for house will never end, so as the importance of the real estate market will never go down. You can always expect a good return from the real estate. The returns can be either monthly in terms of rent or it can a onetime profit whenever you sell some pre occupied property at a huge margin of profit. Financial advisors and business analysts have predicted that the real estate market will reach a new height in the year 2013. So prior to your investment in real estate, you should follow few simple guides.

Before investing in any property in the year 2013, check the prospect of the property you are investing in. Gather proper information about the rates of the real estate prevalent globally. This will help you to get a property in the best price possible and you can gain the maximum profit by selling that particular property.

Also it is said that the real estate prices will touch the sky limit in the year 2013, so if you have any prospective real estate property with you, it is better you sell it off in the year 2013 to gain the maximum possible profit.

Real Estate Investment Tips for novices

April 12, 2013  //  Posted by: cooldude  //  Category: Property Investments

Real estate investment, real estateInvesting in real estate is surely a prospective decision since property market usually gives out rewarding results. So are you too planning for investing in the real estate scene? Well, good, here are some vital tips for the amateurs in the property investment space.

First of all, you have to clear about your investment. Yes, you must make a draft of your long & short-term financial objectives, your abilities, your skills and of course your limitations. It’s better if you can consult with a real estate expert here who is well aware of the many complexities of real estate market and will also help you in defining your goals effectively, keeping sync with your specific aspirations, skills and limitations.

Apart from discussing with real estate experts, you should also explore the varied facets of property world yourself by following regular news and reading on relevant books. It can help you to explore the varied property investment choices and make you aware of the lingo of the trade.

Pros & Cons of Investing In Foreclosure Homes

March 19, 2013  //  Posted by: cooldude  //  Category: Property Investments

Real estate investment, real estateInvesting in foreclosure homes is known to be a good deal by many investors. But as the saying goes there is two faces of a coin similarly foreclosure homes do have its own pros and cons. If you are going to invest for the first time it is better that you go through it before hand.

Pros
• Foreclosure homes are often sold at prices lower than the market value.
• Buying a foreclosure home and selling it at market value will earn you a good profit.
• Investing in such homes and renting it would not only provide you mortgage payments but also will give you a certain profit.

Cons
• These homes are in a bad condition and needs to be repaired. So before buying you must make sure that it is a fair deal for you.
• If you do not have cash then making arrangements beforehand is essential as if you are not ready with finances you could miss out on auction deals.