Category: Investment Property
Real estate investing can be complicated, at least for beginners. There’s a lot to learn, and the room for mistakes is HUGE, given that the consequences can be enormous in the long run. The real estate market might not seem as volatile as stocks, but the risks are high, and the returns are often not predictable. No matter whether you are buying your first home or want to invest in properties with the intention of selling them later, you need to double check the initial steps. In this post, we are going to talk about 5 tips that matter for right real estate investments.
- Location. Well, this is probably a no-brainer. A property is valued by its location, either at the moment or in the future. Before you check for other things, this is the first aspect that you need to understand. Keep in mind that a particular location can depreciate or appreciate over a period of time, so you need to consider the right factors.
- Seek help. When it comes to real estate investing, seeking help from brokers and agents can be useful. Don’t worry so much about the costs of hiring them, because the benefits and assistance will cover for everything. Agents know the local areas, and they have the right kind of information you would need for a listing. They are also a step ahead in finding buyers and sellers, so if you intend to sell the same property later, they can offer their services, which can ensure a better sale price.
- Don’t spend your savings. Most people plan to use their savings to fund their first purchase, which isn’t the right thing, especially if you have a good credit score. Real estate loans are easy to get, and you can choose to get flexible repayment terms. This can largely help in minimizing the immediate financial burdens. Contrary to what many think, real estate loans are actually handy for long-term financial planning.
- Understand your goals. Let’s say you want to buy a house immediately. Do you want to sell it off within five years? If yes, you wouldn’t want to purchase a property that needs a lot of urgent repairs. In case you plan to keep the house, you would want a home that’s low in price and can be customized for your needs. Understanding and appreciating your financial goals is not only important but extremely vital in the long run.
- Negotiate. The sale price is not always the final price. In most cases, people hire agents and real estate brokers, who negotiate things on their behalf. The price is decided on a lot of factors, and you need to understand these aspects by discussing things with the agent. For example, if the house doesn’t have a well-maintained basement, you can use that as a pointer to reduce the asked price. In short, identify the things that can work in your favor and move ahead accordingly.
Check online now to find more about listed properties and real estate agents in your area.
Contrary to what many of us believe, real estate agents are relevant and important for this industry. They offer essential services that are necessary for bridging the gap between buyers and sellers. In this post, we will talk about 5 tips that matter for selecting a realtor for investment needs.
- Make a shortlist. You can talk to friends and industry colleague to find the list of best real estate agents in your area. When it comes to selecting an investor savvy realtor, references can be quite handy. An alternative idea is to look online. Since most agents have their own websites to showcase their available listings, you can get a lot of relevant details.
- Decide your financial goals. Real estate investments are subject to market risks, so you have to consider your short and long-term goals. For example, if you are buying a villa, do you want to rent it out or wish to sell it within a year for some extra money? Are you trying to maximize your rental income? Do you wish to buy the house for someone else? Long before you talk to a realtor, think about these aspects.
- Ask questions. Any random realtor can claim great things about his work. It’s important to know his background and experience in detail, and for that, you must ask relevant questions. What’s your average number of clients per month? What is the general ratio of buyers to sellers? How many deals do you complete each month? Do you have time manage my requirements and portfolio?
- Seek references. When it comes to knowing the expertise of a realtor, you must ask for client references. Real estate agents don’t mind sharing details of their big deals and clients, because it helps in establishing their reputation.
- Know your options. Considering your budget and financial goals, a realtor should be able to offer enough options in the area. Try to know more about their current listings and the extent to which they can help with the negotiations. If an agent is experienced with short sale, it’s an added advantage in the long run.
Finally, do consider the financial aspects of such deals. As an investor, you need to be cautious about working with realtors, especially the new ones. This is one of the few industries, where experience matters more than anything else, and you need an agent who is well versed with the local areas and can even offer options in nearby regions. If required, they must be capable of handling your portfolio and should be available for further communication. The response and overall assistance offered by the realtor should be considered. You need someone who can answer on your calls on time or at least ensures regular email communication. For more details, check online now and call up a few agents to take an appointment. As required, you can take the discussions further.
Buying or selling your home is a significant decision, and you should be aware of the real estate prices, trends and other factors. Since most homeowners don’t have access to the important information related to the local market, they often rely on real estate brokers. Contrary to what many people believe, real estate brokers don’t make money by cheating their clients. Instead they bridge the gap between buyers and sellers and help in keeping the entire system rolling as needed.
If you are looking for the best real estate broker in your city, we have some of the pointers that matter the most.
- Make your shortlist. You can talk to your friends, neighbors and colleagues to find more details about the best real estate agents in the city. The idea is to have a shortlist, so that you can contact at least two to three people to get a fair idea of the prices and other aspects. If you are new in the city, check for ads in local papers or find listings online.
- Experience counts, but not always. Experts recommend working with a real estate broker who has at least five years of experience in the concerned area. However, this doesn’t mean that someone with lesser experience cannot help. Sometimes, a broker with limited clients can focus better on your needs. Understand if the concerned firm can help in the first place, and you can consider their experience then.
- Real estate brokers do have limitations. Yes, you heard that right. Real estate is all about local things, and not all brokers know all areas. As such, if you want to find your home in a specific locality, you should find someone who knows the place and area inside out. The concerned firm/broker should know about the commute times, schools, hospitals, crime trends and all other factors that may impact your life in the concerned area.
- Ask for references. If a real estate firm has been around for more than decade, they must have enough clients in the region. References are handy when you want to know a real estate broker better, and most of the times, they won’t mind sharing the names. Ask about their recent clients, and if possible, do enquire about their big deals.
- Be specific. No matter whether you are buying or selling a house, you have to be specific of your needs. Talk to the broker in person and not on the phone, so that you can have a better understanding of their work approach. You also need to know if they have the time to take up your requirements.
Finally, do consider the overall commission and charges. You don’t want to pay anything more than the normal charges, and you should also consider if the broker is accessible at all times. Also, talk to the concerned broker if his team members can answer queries and questions on his behalf and if all of them have real knowledge of the local market. Make your shortlist now!
Property for sale in Bodrum peninsula, on the Aegean coast of Turkey, is the top spot for holiday homes overseas. Buying in Bodrum which is located in Mugla province is more than all about investing in brick and mortar. A real value for your money and offers a way of life that is laid back and sophisticated. Bodrum caters for different budgets and offers bargains and best deals. Turkey’s best and most luxurious villas are located in Halicarnassus, Camel Beach and more.
Best Property Hotspots in Bodrum
If you are looking for the best Bodrum property, Yalikavak is one of the best areas. With hilly coves, excellent marinas, a beautiful hilly landscape and windmills, this is one scenic setting. Some of the best apartments and most exclusive villas are located in the hilltops of this region. There are many panoramic villas and apartments that offer affordable luxury at its best. Yalikavak offers the best beachfront real estate in Turkey.
The most sought after area include Mansions District, Geris Heights and Kudur Peninsula. Some rental yields in Bodrum are fantastic and Yalikavak is one of them. Turbuku is anotherr amazing setting for properties.
Bays That Are Beautiful
Turkbuku is made of two consecutive bays, Golkoy and Turkbuku. This is collectively known as Golturbuku. It has been known as the top choice of Turkish elite. This crescent shaped bay is natural marina which offers the best homes. Bays neighboring Turkbuku such as Paradise Bay, Hebil and Golkoy are desirable and preferred locations.
Oldest Settlement in Bodrum
Gumusluk is known for its appealing homes. This is home to Myndos, the oldest settlement in all of Turkey. The old town of Gumusluk near Rabbit Island has properties which have an authentic charm. The center of Bodrum town is the Halicarnassus, where there’s a demand for real estate. Bodrum town is the site for a lot of vibrancy and trendiness.
Why Bodrum Is the Best
If you are looking for an amazing and colorful place to live, where marina facilities, trendy bars, restaurants and nightclubs can be easily accessed, Bodrum is the best. The stone houses of Bodrum also offer the best restaurants too. Bodrum is the jewel of the Aegean Sea. It is truly a multicultural place. It is also more than a holiday resort. Ancient history merges with modern contemporary living too. At the center of the town’s ancient spots, new and modern properties of Bodrum which offer a contrast between the new and the old are apparent.
If you are looking for a permanent base in Turkey, the property in Bodrum is your dream home in the sun. Bodrum Milas is an international airport which is a 30-minute drive to the Peninsula. Yalikavak is reached in around fifty minutes. Turbuku is around 40 minutes by car, further south Gumusluk is 60 minutes away. The peninsula can be driven around in less than 90 minutes and this seaside resort is stunning.
Buying Property Near Military Bases is a Good Investment
In the first time, Military Family very difficult to decide to buying a property near military bases in US. Location is one of the most important elements ofinvesting success. It provide one clue toa city’s investment potential. For several reasons, the presence of a military base signals that an area has a strong rental culture that can support investors. Skilled investors recognize this and other indicators to pick out the best places to purchase a home for rent.
Buying property near a military base is a good investment for a large variety of reasons. For instance, property near a military base will always have high demand, and owners will always be able to find quality tenants easily. Their buildings will also enjoy with a very reasonable prizes. Any people can enjoy at this moment.
Good Tenants, Steady Rent:
Families make some of the best possible tenants a landlord could wish for. Not only do they have a very stable source of income but many of them receive housing allowances, meaning that paying rent on time is very rarely a problem.Families also tend to have solid references, and it is fairly easy to verify the service member’s income and length of service.
The Market is Always Strong:
The demand for the Homes near Military Bases in these areas is as strong as in other highly desirable markets like property near universities, colleges, hospitals, motels etc. However, because time spent in the military is often significantly longer than the average time it takes to grab a college degree, landlords with property near military bases are more likely to land long-term renters. Because off base properties are usually rented by families, even if any people who works near military bases he/she will join the military homes.
Property Values Rarely Drop:
Buying a property near a military base is also a good investment for its sheer long term value. The property values of homes near military bases may not rise very much annually, especially in many areas with real estate markets.But these properties should enjoy every people with highly security.
Property is important for property manager and landlord and when they face the situation when tenants leave property creates a vacancy for next one. It is not simply that you just take next family members in your house there are still some crucial steps that need to be considered to make house ready for rent. If you are looking to get a house for rent in Milton, then you can get in touch with different companies operating in this region to get property management Milton services to get desired property for you through experienced and professional team members.
After completing the exercise of understanding and knowing your local laws as per renting out your house, it is time to get it prepared in order to make it attractive for the tenants: Following are some preparation that needs to be done:
- The first thing that needs to be done is to get a thorough inspection by yourself and look what can be done by yourself and if not then hire a professional to make list of the things that need to be repaired. The concerned person will evaluate all pipes, electrical instrument functionality, light bulbs and fixtures, garbage disposal, windows and screen treatment, heating and cooling devices or doors, etc. to ensure proper checking. The assessment will also include replacing of furnace filters, batteries in smoke and carbon monoxide detectors as it is better to have a detailed evaluation for good. These preparations are needed if you don’t have done any maintenance work in previous 12 months.
- Sometimes there is some costly repair that need to be done in order to make house eligible for tenants to live in. To evaluate such repairs and replacement check flooring materials, paints, countertops, bathtub surroundings, major appliance, roofs, gutters, and chimney or fireplace for better screening of property. This can be a way to assist you to decide what changes you will make in the rent price after these maintenances.
- Your previous tenants are gone and they have returned you the keys but if they have duplicated key it can cause a problem for you in the future. In order to avoid any problem, it is better to rekey locks for good and if you are having any codes for your garage doors, access gate or any of the gates in your premises they should be changed.
- There might be a chance that your property need professional cleaning in order to enhance its aesthetic appeal. It is better to hire a professional cleaner to do job as they will use specialized equipment’s to do job and it will give a refreshing look to the house. They will also clean your carpets and curtain to bring them to proper look.
- While preparing your house for rent you don’t only need to check inside of the house either is cleaned or not but also exterior of a house because it will give first expression about your property to tenants. If you are having any lawn or garage then their cleaning should be done to maintain its look. Trim your trees, shape your brushes to enhance their look.
These were the things to make property better for next tenants. If you are living in Cape Cod and looking for a house to rent or landlord then you can get the services of Cape Cod property management service to satisfy yourself.
Whether you are looking for land for sale in Bodrum or Istanbul, certain rules and regulations need to be considered. Buying land for sale in Turkey is easy provided you are aware of the land laws. Foreigners are permitted to purchase freehold property in Turkey providing the following factors are taken into consideration:
- Government title deed or tapu has been recorded in the Land Registry
- The property is located within the town development area
- The property does not offer closeness to military installations
- The land is not associated with the forestry commission
- Expats are of a nationality with reciprocal buying rights.
Turkish title deed Tapu is associated with absolute ownership. A tapu deed proves the land has been recorded at land registry and ownership is not contested. Like many other countries, foreigners are able to purchase Turkish property freehold and in their name. Within the town development area, land for sale in Istanbul or Bodrum complies with requirements for expats to purchase provided certain conditions are met.
The Buying Process
The Turkish buying process is similar as compared to other countries where deposit is paid on contract and balance payment on transfer of title deed is required. The only difference is that while buying land, you need a military approval. While this sounds hard, it is actually very easy. The buyer can then be assured that they are purchasing a property for which they can make a purchase.
The property sold should also be considered whether it is under a citizen or foreign ownership. One may require a check at the land registry to assess if the property to be purchased needs military clearance in that case. If a fresh application has to be made, it needs to be undertaken by sellers or their representatives at the land registry with our help. Translated and notarised copies of buyers and sellers passports and a copy of the title deed are some of the requirements needed. The duration for the approval process varies across time and location. Updates for approval typically come in 5-6 weeks.
Once a sale is agreed upon, a purchase contract will be drawn by buyers and sellers to sign and lead to paid deposits. On the contract’s signature and payment of the deposit, the contract is binding on both parties. If the payment of a deposit is followed by a pull out by the buyer, the deposit will be forfeit. Post following the payment of the deposit, sellers pull out of the agreement and the deposit is refunded and penalty clauses are applied. The deposit levels vary across properties.
Contracts should be signed by buyer and seller in front of the Turkish solicitor. Reservation deposits are also used. Small amounts of money are paid to remove property from the market for a certain period of time.
Additionally, property purchased while it is off-plan has different payment schedules in place.
Post the completion of the sale, the buyer and the seller should meet at local land registry offices for transferring the title deed. This process takes a day and the proceedings need to be overseen. Foreigner buyers have an official translator to present and certify the registration. Buyers and sellers have to have the process of completion in place.
On the day of the title deed, the balance of the contract is given to the seller. Escrow services are generally not used in Turkey. Most expenses are paid out on advance of the deed transfer and not cut from amounts by solicitors in other countries.
Researching the Location
Visit property sites to understand whether your choice of the location is right. Decide which combination of price, location and property type are most suited. You also need to know the financial position. If buying with borrowed money, get a written confirmation of the amount borrowed and time scales involved. Arranging inspection trips, appointments and ensuring the paperwork is in place is important to buy the perfect plot of land in Istanbul or Bodrum.
The universe of real estate is an unstable one, and even the most experienced purchasers and dealers commit errors. This is precisely where property buyer agents come convenient. All in all, what is a property purchasing service includes? In this post, we will talk about such information in detail.
For the beginners, a property purchasing service includes hunt for homes, properties and different resources for their customers and get them after assessment and arrangement. Otherwise called property buyers’ agent, these services are helpful and valuable, since they decrease the undertaking of purchasers, while guaranteeing and holding productivity in the meantime. Sometimes, customers simply need to purchase another home inside a financial plan, and they contract a dependable purchasers’ agent for the job. Then again, numerous investors contract these property-buying service providers for their whole portfolio. At the point when purchasers are not accessible, these operators can offer at barters and have the fundamental approval to wrap everything up. They likewise watch out for the agreements and guarantee that there are no archive related glitches at all.
Looking out for a Service:
When you are searching for a service provider while buying a property, it is imperative to do the underlying homework. Based upon the location, glance around and check when you can get some convenient references. When that is impossible, simply check on the web and get the best evaluated real estate agents in the district. Remember that an organization may be a superior decision than an individual specialist, since you get the expertise of the entire group. It is additionally valuable to investigate the expenses and costs identified with such services. Discover an organization that doesn’t charge as indicated by the cost of the arrangement, as all things considered, they will be more keen on fixing and settling the negotiations at a higher cost, seeking after a superior commission. It is constantly better to go at a settled cost for each arrangement. The expenses can be arranged further, if a similar property buying service expert is likewise dealing with your venture profile solely.
Points to consider:
Before you enlist a property buyer’s agent, do get some information about their services and the zones they specialize in. When a similar service specialist can deal with bargains in an abutting city or area, it is dependably an additional benefit of hiring the professionals. You may likewise need to check their customer profile. Australian property advisory group is a decent organization that has been doing business for an extensive timeframe will never timid far from offering references on request. As another customer, you should need to take some extra enthusiasm for their work profile as well. It is constantly better to know your operator in detail, and when you are working with a group, make a point to have an appointed expert, who can deal with your questions and can likewise keep you refreshed on the arrangements. When you have effectively enjoyed a property, the organizations need to have the capacity to source it for you.
How Property Buyer Agent can help you find the ideal property?
These days you have a more extensive scope of assets than any time in recent memory to enable you to search for the ideal property:
- Real estate brokers: An expert specialist can locate the appropriate property for you, particularly when you are exceptionally occupied, and you visit every one of the houses that you are interested in. A broker is your best witness, since he/she is the first to be educated of new postings, which can be a genuine advantage if the market is extremely dynamic.
- Free Guided Tours: You can visit the property in which you are interested, at your own particular pace and without any pressure. You will discover the dates and times of open property in daily papers and on the property buyer’s agent website.
It is indispensable that you examine the property showcase as most ideal as to guarantee that you give yourself the most obvious opportunity with regards to obtaining the perfect home for you and your family.
Mumbai, being the commercial capital of the country, is a land of infrastructure development. It is also the land of architectural marvels like the Chhatrapati Shivaji Maharaj Terminus railway station, the Gateway of India, the Bandra-Worli sea-link, the Chhatrapati Shivaji international airport, and the Ambani’s residence, Antilia, to name a few. Due to the ever-increasing population, there is a growing demand of real estate in Mumbai. Owing to the limited availability of land, the builders in Mumbai have been expanding to city suburbs and other districts like Thane, Navi Mumbai, etc.
Let us have a look at why investing in real estate in Mumbai is a smart move.
Better returns on investment
The valuation of property in India tends to grow faster than any other debt instruments. Besides, they are a great source of increasing wealth. Therefore, investing in real estate in the city is a smart choice compared to investing in shares, bonds etc.
Parallel or passive source of income
Real estate properties, whether commercial or residential, are your assets and can serve to contribute to passive income in the form of rent. What’s more is that even rent steadily grows every year.
Increase in net worth
The net worth is evaluated based on the assets one owns. And real estate can be a great investment in the long run owing to the increase in its valuation overtime.
One of the other benefits of investing in real estate is a hedge against inflation in the country. With high inflation, the rental income and property value can increase significantly. Real estate investors, hence, welcome inflation with open arms.
While investing in real estate may seem like a great option of growing on wealth as well as a means of financial security, there are several things that should be kept in mind to make this a smarter choice.
An insightful research on properties to invest
Investing in real estate in Mumbai can be daunting not just because of the huge amount of investment involved but also because of the several options at our disposal. And a careful study of the property as well as the locality is a must before making the investment. A strategically located property can offer higher returns on investment.
Credibility of the builders in Mumbai
As the realm of real estate is prone to frauds, legal conflicts and delays in possession, etc. investments should be made keeping in mind the past record, the projects and credibility of the builders and developers.
Financial viability of investment
Make sure to consult a financial expert and draft out a financial plan before paying the mortgage. This is necessary to ensure that the investment does not lead into a monetary loss.
One would assume that the list consisting of the reasons to invest in real estate in a city like Mumbai would be long or even endless. Well, one could make a really long list, but the right list will be the one where you are given three good reasons, that are good enough for you to change your mind and convince yourself that the move to Mumbai will be ideal.
Here we’ll take a look at why residential property in Mumbai is one of the most sought-after forms of investment:
The place you reside is obviously your topmost priority. It not only is essential in terms of future development, its also important since it’s the place where you will raise your family or live for a good number of years. The best way to learn more about the locality of your new home is simply to ask around the local shops and vendors. They will give you details that you can’t find elsewhere. Details like real estate history of the area etc, can be found by your broker or by just some online research.
While many look at buying homes from the end user perspective, there is a major section of the society that looks at real estate as an investment. In case of the latter, it is important to understand the estimated capital gains one can earn from their real estate investments. Residential projects in Mumbai are a great source of growing your wealth, but even in that case, there are certain projects and certain areas that will give better return on investment as opposed to others. In this case, it is best to do a thorough research before you take the plunge.
When buying a home to reside in, it is important that you consider the travelling time taken from your home to other places of interest. While it is true that you might find a lot of difficulty in finding a home that is close to your place of work, you can always find a place that is well connected via bus, trains or other modes of local transportation. This way, your daily travels will not become a burden and you can enjoy your home even more.
As you would have noticed by now, all the three points are interconnected and most of them have to do with location. Thus, it is of utmost importance that you keep in mind the location of the residential projects in Mumbai you are interested in and then follow through with other important factors.