All posts in Property

Tips On Selling Your Investment Property

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Lets face it, even if you own a great investment property with $75,000
in equity, that equity wont pay the billsits not in your bank accountbottom line, you cant eat equity. So to realize your profit, you need to sell the real estate.

The following tips could help sell your investment property quickly. 1) Keep the price fair. Sure, you want to make the most it. But unless youre in a rapidly appreciating market, your business is better off if you offer a competitive price. Its always better to make a fast nickel, than a slow dime. 2) Virtual tours – More than two thirds of buyers research potential real estate purchases online now. 3) Landscaping – Creating curb appeal can fetch up to 15% more. Hint: many flower businesses and nurseries offer free advice to help turn a yard into a sensory delight for buyers. 4) Indoor decorations – Add some plants, which reduce air-conditioning costs by up to 25%. Plants also look great and keep the home beautiful, created a caring, lived in feeling. 5) In-ground sprinkler systems – (for upper and middle class neighborhoods only). Again, you’re investing in real estate. While sprinklers are pricey, they help encourage a sale in mid to high end homes, and can
boost your profit considerably, bringing you closer to making money from home. 6) Create more space – By painting walls a pale color, gives the illusion of additional space. 7) Check what’s underfoot – Make sure the floors are like new. You can buy used carpet from model homes but has not been worn. Hint: A rug with horizontal stripes can make a narrow hallway feel
wider. 8) Paint – Youre investing in real estate. Youre investing in yourself. Its the best way to make money from home. So add the odd warm shades such as yellow, red, and orange to the real estate to throw off a cozy feeling. Hint: the aroma of fresh paint gives off a new home feeling. 9) Clean storage spaces thoroughly – Clutters bad. It’s just good business sense. 10) Staging – Create a homely atmosphere by renting furniture and/or hire a decorating professional to do it for you. Staged houses sell more quickly and for a higher price

3 BONUS Tips: Follow the 3-D’s in your real estate business when selling a property: 1. declutter; 2. Depersonalize – remove personal items so buyers can picture themselves in the real estate; 3. Deep clean using a professional cleaning service.

By doing even half of these tips, your chances of selling your investment real estate is far greater and quite possibly, will be more profitable.

by Mary Wozny

Top Reasons For Buying A Property Abroad

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There are several reasons why people choose to buy a second property abroad.

Ownership of property outside the UK is increasing in popularity. Fuelled partly by lower house prices and better climates, and made more favourable still by low-cost airlines, the appeal of a second property abroad is understandable. Once the preserve of the rich, a holiday home in Spain, Portugal, France or anywhere in the world for that matter, can now be acquired easily by the majority of the UK population.

There are three top reasons that people choose to buy a property abroad:

To live permanently in a new country

Some people move abroad for work, whilst others choose to retire outside the UK. Moving to a new country on a permanent basis is a challenge and a risk, and so many people choose to buy a property abroad, whilst keeping their UK home and renting it out. This means that they have somewhere to come back to should things not work out as planned. For many, moving to a new country is one of the best experiences of their life. The chance to live in a new culture; learning the language, eating new foods and soaking up the sun, is exactly what people are looking for.

To have a permanent holiday base

Some people like nothing more than the security of having a permanent holiday base. You know where to go, what shops are available, where the best beaches are and what attractions are nearby. You dont have to waste any of your holiday time getting acclimatised and your accommodation is a home-from-home. Whats more, you can visit it as often as you like throughout the year, and you can invite friends and family to come along and enjoy the holiday with you, or lend it to them so that they have a ready-made holiday base of their own.

To rent to other holidaymakers

Many people choose to cover the costs of buying and running their property abroad by renting it out. There are two main ways to do this; hiring an agent to rent the property on your behalf, or handling all the rentals yourself. An agent will take a percentage fee, but will handle all the bookings, cleaning and maintenance of your property. If you manage the rentals on your own, you will need to find someone trustworthy who can clean and prepare the property for your customers and handle any issues that arise when people are staying in your property. Renting is a very effective way to cover costs, and even to make a profit, but you have to limit the times when you can use the property and be prepared for damage and wear and tear to increase.

Thinking about a property refurbishment

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By Felix Fortescue, property analyst.

I’m often asked whether a property refurbishment will increase the value of a property and the answer is yes – but a return on the investment is far from guaranteed!

The trouble is that the true value of a property lies chiefly in its potential as perceived by the buyer in the marketplace in terms of the potential of the real estate, rather than whether it has been refurbished or not. The buyer may not care for your property refurbishment anyway and could gut the whole place as soon as you have gone- after all, a building is just a chattel.

So ordinary people, i.e. not professional property developers, should steer well clear of the property refurbishment game unless it is purely to enhance his or her own comfort and amenity at home or work.

The situation with property refurbishments is analogous to the boy racer who installs a 500 stereo in his car and then expects the vehicle to be worth an extra 500 when it simply isn’t.

It was no surprise when recently a friend who works for Hampshire Building firm PM Building Contractors told me that most of their property refurbishment work was chiefly for the high-end customer demographic.

These customers had clearly ordered the property refurbishment work for their own home comfort rather than to enhance the value of their houses.

Although it cannot be said that the gain on the value of a property accrued by a property refurbishment will necessarily be nil, any likely gain will be disproportionate to the expense and that may be incurred.

With the idea that the true value of the property lies in the estate in the land in mind, I would suggest that the ordinary man or woman who was wondering about how to maximise the value of their property should think hard about the potential of their real estate.

Applying for outline planning permission for a whole portfolio of possibilities can make you very attractive for property developers and landlords, some of whom have vast financial resources.

A property refurbishment is merely a cosmetic measure which, while it brings comfort and enjoyment for the householder, is not part of the fundamental nuts and bolts of what your property is worth.

Get a quote for your Hampshire Property Refurbishment – from Hampshire County Council Approved – PM Building Contractors!

Timeshare Value Calculator Tool Evaluates Your Vacation Property

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There is no doubt that earning money from your vacation property which is used by you on vacation to get rejuvenated is the wisest idea. It is quite obvious that most of the resort owners think of renting or selling their resorts in return of handsome money. However, how would you know the real value of your resorts or vacation property? It is the most important question that must be answered wisely in order to get the best deal of selling or renting your property. Even people rent or sell their resorts in case of bankruptcy to pay the debt, but getting most out of your property is an essential point that should be kept in mind while selling or renting your property. So, timeshare value calculator is the tool which provides estimated value of your property. This tool has in-built huge database which calculates and estimates the timeshare value of your property.

There are ample of online timeshare value calculator tools available over the web that provides services to get the value of your property. However, everyone wish to follow simple steps to get timeshare values of their property and mostly desire at free of cost. There is an online timeshare value calculator which provides you free service of timeshare appraisal.

You just need to visit the site and you will get an interactive user interface that will guide you step-by-step in order to evaluate your property precisely and get value of that property. This online timeshare value calculator allows you to know the estimated value of your property by following three easy steps. You neither need to sign-up nor register to avail the service of this website. It is completely free to know the value of your property by filling up some information over the website.

Steps to evaluate timeshare value:

1.Initially, you need to choose your resort or vacation property and then select the appraisal type i.e. you want appraisal of renting, selling or both. Once you complete this process, you will be redirected to the next page.

2.Here, you need to fill up owner information such as ownership of the property. You need to enter correct information about ownership of that property or timeshare in order to get the timeshare value.

3.Now, you will be redirected to the third step. Here, you have to provide details of the property such as where it is located, size of the property, surroundings, etc.

Once you complete these three timeshare appraisal steps, you will receive the value of your property.

Resale Option In Neharpar Faridabad Property

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Faridabad forms an important part of the National Capital Region due to its proximity to New Delhi, and resale property in Faridabad has been specifically in demand especially by those individuals who are operational in Delhi NCR and are in need of a residential property which offers immediate possession. That, in fact, is the most important advantage of resale properties in Faridabad over new projects, as a resale property is ready to move in, and offers immediate possession, whereas there is a long waiting period while purchasing new projects, which is generally more than a year.

Resale property in Faridabad is also preferred over new projects as it offers a readily developed infrastructure and fully operational surroundings which include maintenance facilities, connectivity via road and other types of transportation facilities, whereas new properties are generally developed in a completely new location where the infrastructure and surrounding need to be developed from scratch, which often takes quite some time to become fully functional.Also resale property in Faridabad enjoys the benefit of being centrally located, while most new projects are coming up in secondary sectors.

The reason behind this is the unavailability of freehold land in prime locations; as most of it is already taken up and built upon, due to which new projects have to be set up on the outskirts where land is available in abundance. However, there are also a few parameters where resale property in Faridabad lacks when compared to new projects.

For example, a resale property might not enjoy the same level of customizability as compared to a new project, which is untouched and ready to be customized as per its residents” preferences and requirements. Apart from this, resale flats in Faridabad may not be offering features and amenities that are as modernistic as a new apartment in Faridabad would offer, the obvious reason behind which would be the fact that resale flats and apartments were designed and developed much earlier.

But if one wants a fully functional flat in Faridabad with instant possession, then resale property in Faridabad is the most suitable option.