Tag Archives: Real Estate

Buying a Home in the Philippines? Don’t Forget These Factors

Happy Couples with their homeNow that you finally gave up renting and decided to upgrade your status to a homeowner, you need to consider a variety of factors. It’s important that you think of your current and long-term financial needs and capabilities, especially when your future plans include building a family.

As such, one of the key pre-purchase steps you need to take is establishing how much you can afford to shell out towards the initial expenses and the ongoing costs of homeownership. If you are planning to live in a master-planned community like Lancaster New City, this will make the transition easier and ensure that you don’t face serious financial difficulties along the way.

Determining what you can fit into your budget

While homebuyers have their own definition of what “affordable” is, the basic guideline is to add your earnings and your savings and then from the sum, subtract all your expenses. This should include your outstanding loans, such as credit card bills and auto loan payments; the premiums of all your insurance policies; your monthly living costs (utility bills, groceries, fuel, dinner nights, etc.); the school expenses of your kids (if you have them already); and of course, your monthly home loan payments.

Obviously, the result should not be negative. You still want to have something left for your savings and a considerable leeway for emergency expenses.

Start with a practical choice: Consider a model property

Unless you make millions a year, it’s best to remain practical and set something reasonable for your purchase. Yes, you may have always dreamed of owning a 5-bedroom property, but unless your finances can accommodate it, stick to a property that has a price tag you can afford and that you will still love. A good example of great properties is a Lancaster Cavity model house, which comes with several bedrooms but still has a competitive price.

Are you ready to search for the house that is right for you? As long as you keep in mind these strategies, you can become a proud homeowner in the Philippines without compromising your finances.

Market Your Property to the Right Audience

Man and woman bought a homeWhen you wish to sell your property, it is important for you to know the real estate market to an extent. You should consider carefully and identify the customer who would be interested in your property. To be able to sell your property successfully for a good price within a short period, you should find the right customer base.

A few guidelines on types of properties

New apartments or townhomes in Utah or elsewhere are ideal for couples planning to have a family. People with growing children require space. Families with older relatives or for couples over sixty might wish for houses that require little maintenance.

One or two bedroom apartments are best suited for single people or very young couples who are just starting out.

Apartments, condos, or townhomes for rent with amenities such as tennis courts, gym, and swimming pools, these are ideal for young couples and single individuals who wish to follow an active lifestyle.

Larger homes in suburban neighborhoods with nearby hospitals, schools, shopping centers, and movie theaters appeal to couples and families.

Apart from the house design, the location is also essential in determining the price you will set for the property. Make sure to check other properties for sale to compare.

Where to market?

If you have a property to sell or lease, it would be best to gain the services of a real property agent to sell it to the right audience.  You could also advertise in your local newspaper or go online to market your property. Make sure to improve the appearance of your property to make it appealing.

When selling your property, it’s always best to get the help of a professional to help you find the right audience. Knowing what, where and who is always essential in a successful real property sale.

Landlord-Approved Ways to Decorate Your Rental

Rentals in Wellington Point Decorating your temporary home can be complicated because you have to weigh a number of considerations, including your deposit. The problem is, most landlords do not really permit the tenant to make permanent modifications on their property.

Fortunately, there are houses for rent in Wellington Point, such as those offered by patbarrettrealty.com.au, that allow minor changes or room repaint as long as the tenant takes care of its original condition.

Even though you cannot incorporate traditional decorating methods, you can still rely on below ideas. These will help you enhance the personality of your rented home without jeopardising your deposit.

Set Up Bold Wall Art

Be fearless and cover your walls with intricate artwork. Do not even think about those old student posters because they are outdated already. Instead, choose a more mature and chic design, like screen prints and lettering prints. You can even combine and match designs for a contemporary appeal.

Consider Wall Hangings

Wall hangings can serve as a speedy fix if you have unwanted things you want to cover up on your wall. This can range from a stain, a crack or a doorframe. If you use it in your bedroom, it can also be a stunning headboard that is not really complicated to make yourself.

Use Wall Stickers

You can personalise your walls without getting your landlord mad by adding stickers to liven up a room. Choose ones that are easily removable, so you can take them off once you move out. There are even functional wall stickers that come with hooks to hang coats.

Include Statement Lighting

Even though you cannot change where your lights go in the ceiling, you can still manage the level of mood lighting in a room. You can do this by investing in statement pendant lights, lamps, candles or lanterns.

Who says you cannot have your freedom when you are renting? Follow the above design tricks to unleash your creativity in your own rented space.

3 Often Overlooked Factors When Buying a Commercial Property

Commercial PropertySome people swear on the viability of commercial real estate properties, given that more people move between towns and a new crop of professionals hit the job market. On the other hand, some people argue that commercial properties are cash intensive and offer little annual return on investment.

While the different school of thoughts exist on the subject, the sector remains a favourite investment vehicle for many Australians and for people across the world. Be it an apartment building, industrial complex or an office block, with proper management, each can be a profitable venture.

Sentinelpg.com.au shares some things you need to know when considering a commercial property.

Know Your Tax Rates

Before making a commercial investment, you should have a clear picture of the tax obligations that come with it. Although the amount varies from one state to the next and among different locations, typical stamp duties hover around 3 percent of the property’s price. Since the value of the property determines the amount of tax, make sure to have an expert carry out the evaluation.

Engage Professional Help

Property buying is a complicated process and is likely to overwhelm you as a nonprofessional and cause you to make mistakes that can ruin the entire investment. Real estate agents, lawyers and inspectors use their particular expertise to ensure that you get the best value for your money. Failing to retain professional help puts you at the mercies of crooked sellers and agents seeking to make a quick buck at your expense.

Case the Neighbourhood

Your rental investment is as good as its surrounding and local community. Local developments have a significant influence on the success of your investment. An upward surge in crime, for instance, drives the value of the properties down and lowers the occupancy level. A thorough inspection of the locality gives useful insights into future of the area. Upcoming projects such as stadiums, schools and hospital increase the value of your property and assure you of many potential tenants.

A careful consideration of crucial factors increases the chances of successfully investing in real estate.

A Competent Real Estate Agent’s Ticket to a Great Career

Real Estate Agent’s

Real Estate AgentThe real estate industry is a competitive industry that requires highly qualified professionals. Anyone who wishes to build a career in this filed should realize the need for certain skills and knowledge.

Almost every buyer and seller out there needs expert assistance to succeed in their business. This translates to regular job opportunities for qualified agents or brokers. How exactly do you become a qualified real estate professional? Check out the following information to know the requirements to become one.

Agents should have local knowledge

A home buyer can be more confident with your service if you’re familiar with the neighborhood and you have sales experience in it. It pays to know the place, by heart and mind, so you can confidently show that you’re the right broker to talk to.

Agents should be detail-oriented

Attention to detail is another important trait. You should be aware of the property’s features and history, as well as the buyers’ preferences, down to the smallest details. A good agent understands that a minor crack on the wall or a small request from the buyer to come on time during a meeting can affect the chances of closing a deal.

Agents should widen their horizons through continuing education

Continuing education is necessary to better your qualifications and eligibility for license renewal. There are some real estate continuing education courses available online. They cover topics such as housing laws, current industry trends, state-specific real estate laws, and broker responsibilities.

Agents should have excellent people skills

Communicating and transacting is a skill, but being able to speak persuasively and understand the buyer’s need is another. Keep an open mind and heart when dealing with clients. Listen to their needs and wants and be ready to present options. While it’s a business and the goal is to sell, a polite and credible service can leave a positive impression to a client. It can be your ticket to building a trustworthy image in the business and more leads from referrals.

If you think you can have all these qualifications of a competent real estate agent, you have a bright career ahead of you.